Jul 9, 2026
Block Settles for $45M With 46 States Over Cash App Fraud
Block has agreed to a $45 million settlement with 46 state attorneys general following an investigation into Cash App's handling of fraud. Regulators found the company misled users by falsely claiming the app offered bank-like fraud protections. The settlement is the latest in a string of regulatory headaches for Jack Dorsey's fintech firm.
