BUSINESSVIRGINIA MERCURY
Cash App parent company to pay $45 million in multistate fraud settlement, Va. AG says
Cash App parent company Block agreed to a $45 million settlement with 46 states over allegations of inadequate fraud protection and customer support. The settlement resolves claims that the company failed to secure user funds and misled customers about security risks.
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Adjacent reporting
- Michigan to get nearly $1M in multimillion-dollar settlement over misleading practices on Cash App
- Cash App’s parent company settles $45M fraud protection lawsuit; Minnesota to get small slice
- Vermont gets $1.3 million to settle allegations Cash App did not shield users from fraud
- Cash App settlement: Block agrees to pay up to $165M in fraud claims