New York Attorney General Letitia James and a bipartisan coalition of 45 other attorneys general today secured $45 million from Block, Inc. (Block), the company behind the popular peer-to-peer payments app Cash App, for misleading its users and failing to protect them from scams and fraud. As part of the settlement with Attorney General James and the coalition, Block must implement changes to protect users from fraud, ensure users have access to live customer service agents, and stop all misleading marketing. Block must also pay $1.6 million in penalties to New York.

“New Yorkers were promised that Cash App was a safe and secure platform to send money, but in reality, the app exposed them to rampant fraud. For years, Cash App users lost money to costly scams because Block cared more about profits than protecting its users. I am proud that this bipartisan group of attorneys general came together to hold Bock accountable and ensure Cash App protects its users’ funds.” – AG James