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Cash App Settles for $45M Over Fraud | Durham News
Block Inc., parent company of Cash App, is paying $45 million to multiple states—including $1 million to North Carolina—to settle claims that its sign-up process enabled fraud and its customer service failed users locked out of their money. This follows a prior $75M–$120M nationwide deal with the CFPB covering issues from 2019 to 2025. Attorneys general emphasized the need for financial trust, noting Cash App’s lax verification and poor support left users vulnerable. Block denies wrongdoing, calling this a legacy resolution, and vows to improve customer service with live phone support…
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