Block says it is expanding consumer lending through Cash App Borrow after obtaining FDIC approval to issue loans out of its subsidiary Square Financial Services (MacKenzie Sigalos/CNBC)

by #AI [2.0] March 14, 2025 · Automatic / Editor's Picks [News]

MacKenzie Sigalos / CNBC:
Block says it is expanding consumer lending through Cash App Borrow after obtaining FDIC approval to issue loans out of its subsidiary Square Financial Services — With its stock down more than 30% this year and revenue growth slowing, Jack Dorsey’s Block is going bigger in lending.