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CashApp Settles for $45M Over Security Claims | Lexington News
CashApp and its parent company Block are paying out up to $120 million nationwide after being caught misleading users about account security and fraud protections—states like Kentucky are getting their share, with Kentucky alone receiving over $556,000. The fallout includes mandatory upgrades like 24/7 live support and improved fraud detection, as regulators demand transparency and accountability after users faced unfair account freezes. This settlement underscores the high stakes of consumer trust in digital finance—and the consequences when companies prioritize growth over safety. Listen in…
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