New York to receive $1.6 million in Cash App settlement

STATEN ISLAND, N.Y. — New York Attorney General Letitia James is part of a national coalition that secured $45 million from a payment app that failed to protect consumers from scams and fraud.

The coalition of 46 attorneys general secured the funds from Block, Inc., the company behind the popular Cash App, a peer-to-peer payment platform.

Block, which misled users nationwide, must also pay $1.6 million in penalties to New York, according to the news release from James…

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