importantSYS.SOURCE: TechCrunch• 2026-07-09T15:16:34Z

Block Agrees to $45 Million Settlement with 46 U.S. States Over Cash App Fraud Allegations

#Cash App#Fraud#Regulation#Settlement#Fintech

Block has settled with 46 U.S. states over allegations that Cash App failed to protect users from fraud by misrepresenting its security measures. The $45 million agreement requires Block to enhance fraud prevention and customer support, including live assistance for users.

State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.

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