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Cash App Faces $45M Settlement | Richmond News
Cash App’s parent company, Block, Inc., just agreed to a $45 million multi-state settlement after misleading users about the safety of their money and failing to act on rising fraud. They marketed the app like a bank, ignored security upgrades, and offered minimal verification and no phone support. Users were locked out of accounts, victims couldn’t get refunds, and fraud went unaddressed. Now, Block promises 24/7 support, anti-fraud marketing, and proper investigations. Virginia gets $845,500 to fund consumer protection — a wake-up call that deception won’t go unpunished. Listen in…
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