First reported by ABC27
Pennsylvania announces $45 million settlement with CashApp over user protection issues
Block agrees to $45M settlement with 46 states over Cash App fraud protection claims
Block (formerly Square) has agreed to a $45 million settlement with 46 U.S. states over allegations that its Cash App failed to adequately protect users from fraud. State attorneys general claimed Block misled users by falsely advertising bank-like protections and advanced fraud detection, while also allowing account creation without a Social Security number. Block denied any wrongdoing as part of the settlement.
Key quotes
Block has agreed to pay $45 million to settle claims brought by 46 U.S. states alleging that its peer-to-peer payments app, Cash App, failed to adequately protect users from fraud.
State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.
Block denied wrongdoing.
From the article
State attorneys general said they found that Block misled users by falsely advertising that Cash App provided bank-like protections, including advanced fraud detection.
Continue reading on techcrunch.comYou might also wanna read
Block Pays $45 Million to Settle 46-State Probe Into Cash App Fraud Protection and Resolution
PYMNTS·3h ago
Texas co-leads $45 million settlement with Cash App over deceptive security claims
FOX 7 Austin·3h ago
Pennsylvania announces $45 million settlement with CashApp over user protection issues
ABC27·19h ago
Block to Pay $45m in Multistate Settlement Over Cash App Fraud Allegations, Expand Live Customer Support
Tekedia·56m ago
Cash App parent company agrees to $45 million settlement with Illinois, 44 other states
Chicago Sun-Times·17h ago
Cash App owner to pay $45 million to settle allegations of lax security
BackBox.org·20h ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.