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Cash App settlement: Block agrees to pay up to $165M in fraud claims
Several states, including Tennessee, have settled with Block (owner of Cash App) over allegations of misleading users about fraud protection and lacking phone support until 2021. Block will pay $45 million and up to $120 million in victim compensation, while improving customer service practices.
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Adjacent reporting
- $45 million settlement provides support for Cash App fraud victims
- Louisiana gets $557K from Cash App settlement after users left exposed to scams and fraud
- Cash App agrees to $45 million settlement over shoddy account security and customer service
- Vermont gets $1.3 million to settle allegations Cash App did not shield users from fraud
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