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Cash App fraud.
Block has reached a $45 million settlement with 46 US states over allegations of inadequate fraud protection for its mobile payment service. The platform was accused of misleading users about its safety, and for expanding marketing when fraud claims recently spiked instead of strengthening protections. It must now provide 24-hour customer support and cease deceptive marketing. [Link: Cash App parent settles states' probe over fraud protections for $45 million | https://www.reuters.com/legal/government/cash-app-parent-settles-states-probe-over-fraud-protections-45-million-2026-07-08/ | reuters.com]
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forbes.com
Jack Dorsey’s Block To Pay $45 Million Fine As States Step In For Withering CFPB
The Trump Administration has gutted the CFPB, but states like Texas, Oregon and New York are targeting payments firms and filling in enforcement gaps.
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theblock.co
Cash App owner Block to pay $45 million after states say it made false security promises
Block Inc. has agreed to pay $45 million to settle allegations brought by regulators in nearly every U.S. state.
