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)

1 month ago 11

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.