NEW YORK – New York Attorney General Letitia James and a bipartisan coalition of 45 other attorneys general today secured $45 million from Block, Inc. (Block), the company behind the popular peer-to-peer payments app Cash App, for misleading its users and failing to protect them from scams and fraud. Attorney General James and the coalition allege that Block failed to help users when they were scammed, misled consumers about the safety of Cash App, and failed to provide the fraud protection and resolution that it promised and was required to provide by law. As part of the settlement with Attorney General James and the coalition, Block must implement changes to protect users from fraud, ensure users have access to live customer service agents, and stop all misleading marketing. Block must also pay $1.6 million in penalties to New York.
“New Yorkers were promised that Cash App was a…
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