ATTORNEY GENERAL TONG ANNOUNCES $45 MILLION MULTISTATE SETTLEMENT WITH BLOCK INC. OVER DECEPTIVE PRACTICES ON CASH APP
(Hartford, CT) – Attorney General William Tong today announced a $45 million multistate settlement with Block, Inc., the company behind the popular peer-to-peer payments app Cash App. The settlement resolves findings that Block misled consumers about the safety of Cash App, failed to protect users from fraud on the platform, and didn't provide the fraud protection and resolution services that it promised and that are required by law – to help people when things went wrong. Connecticut will receive $1.5 million through today’s settlement. “Cash App was riddled with fraud, and the company did next to nothing to protect its customers from the devastating financial consequences. Today’s settlement forces major reforms on the platform, including real customer support, transparent and…










