Attorney General Jennifer Davenport and the Division of Consumer Affairs (DCA) announced today a $45 million bipartisan multistate settlement with Block, Inc., the technology company behind the peer-to-peer payments app Cash App. The settlement, joined by 46 states, resolves allegations that Block misled consumers about the safety of Cash App, failed to protect users from fraud on the nonbank platform, and didn’t provide the fraud protection and resolution that it promised, as required by law.

“When New Jerseyans trusted Cash App with their hard-earned money, Cash App exposed them to scammers and put their savings at risk. Tech billionaires shouldn’t be able to turn a quick profit by misleading hardworking New Jerseyans and failing to protect them from fraudsters and scammers. Our office will continue to protect your hard-earned money and hold tech companies accountable when they expose you to fraud and scams on their platforms.” – AG Davenport