Legal Notes: Skrmetti announces $45M multistate settlement with Block Inc.

Cash App parent company to pay $45 million in multistate fraud settlement, Va. AG says

Cash App’s parent company will pay $45 million and overhaul its fraud prevention and customer service practices under a multistate settlement, resolving allegations that the popular payment app failed to protect users from scams while misleading them about the security of customers’ money. Virginia is among 46 participating states in the settlement with Block, Inc., the company behind Cash App. The commonwealth will receive about $845,500, Attor…

Jack Dorsey’s Block Just Settled for $45 Million Over Fraud Claims—but Some Victims May Not See a Dime

The multistate agreement accused the fintech company of overstating Cash App’s safety while failing to adequately protect users from scams.

Headlines from across the state: Cash App parent company to pay $45 million in multistate fraud settlement, Virginia attorney general says; more …

Here are some of the top headlines from other news outlets around Virginia. Some content may be behind a metered paywall: Politics: Cash App parent company to pay $45 million in multistate fraud settlement, Virginia attorney general says. — Virginia Mercury. Economy: Virginia joins rooftop solar initiative to help residents trim electric bills. — Virginia Mercury. Local: Buckingham County board adopt solar ordinance changes. — The Farmville Hera…

Legal Notes: Skrmetti announces $45M multistate settlement with Block Inc.

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Maine to Receive $338k from $45M Multi-State Cash App Settlement

Maine will be the recipient of more than $338,000 as part of a $45 million multi-state settlement with peer-to-peer payments app Cash App. 46 states joined together to sue Block, Inc., the company that owns Cash App, for allegedly misleading consumers about the platform’s security and failing to protect users from fraud. Despite the settlement, [...] The post Maine to Receive $338k from $45M Multi-State Cash App Settlement appeared first on The …

Arizona Joins $45 Million Settlement With Cash App Parent Company Over Consumer Protection Claims

Arizona has joined a $45 million multistate settlement with Block Inc., the parent company of Cash App, resolving allegations that the company failed to adequately protect users from fraud and misrepresented the safety of its peer-to-peer payment platform. Attorney General Kris Mayes announced Arizona’s participation in the agreement, which alleges Block did not provide the fraud protections and… Source