1/22/2025
- Division of Banks
- Office of Consumer Affairs and Business Regulation
The Massachusetts Division of Banks (DOB) served on a multi-state enforcement team that led an action against Block, Inc., the entity that operates Cash App. A mobile payment service, Cash App is extremely popular with consumers — more than 50 million people use the app to transfer money, make payments, and invest dollars.
More information can be found in the Office of Consumer Affairs and Business Regulation blog post.
Division of Banks
The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.
Office of Consumer Affairs and Business Regulation
The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.