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Block Pays $45M After Fraud Failures | Montpelier News
Block, parent company of Cash App, is paying $45 million to 46 states after admitting it ignored years of rising fraud on its platform—instead pushing risky promotions and falsely claiming bank-level security. The fallout hit underbanked and unbanked users hardest, who lacked support and protection. This follows a $175 million 2025 settlement with the CFPB over similar fraud failures. States accused Cash App of weak identity checks and no live support, leaving users vulnerable to scams it knew about. Block says it’s invested heavily in security and promises to keep improving to protect its…
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