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Jack Dorsey’s Block settles Cash App fraud claims with 46 states for $45m — Blankdot

thenextweb.com3 weeks ago

Jack Dorsey’s Block settles Cash App fraud claims with 46 states for $45m

Jack Dorsey’s Block settles Cash App fraud claims with 46 states for $45m

Block, the payments company chaired by Jack Dorsey, has agreed to pay $45 million to settle claims from 46 US states that it mishandled fraud on Cash App, its money-transfer and digital-banking app. The settlement is the latest sign that state regulators are moving into ground the Consumer…

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