BOSTON – Massachusetts Attorney General Andrea Joy Campbell announced on Wednesday, July 8, that Massachusetts will receive $730,000 as part of a $45 million multi-state settlement with Bl0ck Inc., the maker of Cash App.
The settlement includes 46 states and the District of Columbia. Only Hawaii, Missouri, South Carolina, and Wyoming are not part of the settlement.
The settlement resolves allegations by the state that the company:
- misled consumers about the safety of Cash App;
- failed to protect users from fraud on the platform; and
- failed to provide the fraud protection and resolution that it promised and that was required by law.
“Companies that advertise the safety and security of their platforms have an obligation to deliver on those promises. Instead, Cash App enabled fraud by failing to take necessary security measures and running promotions that put users at risk,” said Campbell. “This settlement ensures Cash App will strengthen protections for users, implement responsible practices, and provide real, responsive customer service.”…