Attorney General Keith Ellison today announced a $45 million multistate settlement with Block, Inc., the company behind the popular peer-to-peer payments app Cash App. Minnesota’s share of the settlement is $638,924. The settlement resolves allegations that Block misled consumers about the safety of Cash App, failed to protect users from fraud on the platform, and didn’t provide the fraud protection and resolution that it promised and that was required by law. In short, the company failed to help people when things went wrong.

“Block cared more about making money than making sure Cash App was safe and secure for users, and real people suffered as a result. It is extremely frustrating to see a corporation like Block act in ways it knows will increase fraud without also taking steps to protect users. I am pleased we reached a settlement that requires Block to take meaningful steps to curb fraud on their platform, and I hope this serves as a warning to other businesses that try to maximize profits at the expense of people.” – AG Ellison