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Cash App Settles $45M Fraud Claims | Birmingham News
Alabama and other states just secured a $45 million settlement with Block, Inc. (Cash App) over allegations that the company misled users about security, failed to warn them of rising fraud, and actively targeted vulnerable populations without adequate protections. Victims faced weeks of locked accounts and lost funds, while the company allegedly prioritized marketing over safety. This case underscores the urgent need for digital finance platforms to be transparent, accountable, and secure — especially when serving those without traditional banking access. Listen in comfort:Get a discount on…
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