Today, Attorney General Jeff Jackson announced a settlement with Block, Inc., the company that owns Cash App, resolving allegations that Block misrepresented the app’s safety while making choices that made fraud easier. Under the settlement, Block will complete an already-promised distribution between $75 million and $120 million to consumers nationwide and also pay $45 million to the states, including nearly $1 million to North Carolina.

“People deserve to know that their money is actually protected. Block told users Cash App was safe, but made it easier for fraud to occur, and then failed to help when customers needed it most. This settlement gets money back for the customers who took them at their word.” – AG Jackson