Block Pays $45 Million to 46 States Over Cash App Fraud Allegations
Updated
Updated · linkedin · Jul 9
Block Pays $45 Million to 46 States Over Cash App Fraud Allegations
3 articles · Updated · linkedin · Jul 9
Summary
$45 million will go to 46 state attorneys general after Block agreed Wednesday to settle claims that Cash App failed to protect users from fraud.
States said Block falsely touted “advanced fraud detection” even as scams spread on the platform, and failed to provide dispute resolution or investigate unauthorized transfers as required by law.
The settlement also requires the $39.9 billion-asset company to honor a 2025 agreement with the Consumer Financial Protection Bureau reached in the Biden administration’s final days.
The case adds to a broader set of Cash App resolutions, including consumer payouts reported earlier this week and a separate Washington state settlement tied partly to pandemic-era fraud.