AG Nessel announced a $45 million multistate settlement with Block, Inc., the company behind the popular peer-to-peer payments app Cash App. 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. Michigan is set to receive over $935,000.

“Customer safety should always be a top priority, and when a company misleads and fails to protect its users from fraud, it must be held accountable This settlement requires Cash App to maintain strong safeguards for consumers and commits the company to putting stolen money back into the pockets of Michigan residents. Throughout my time in office, we have worked with multistate coalitions to halt deceptive business practices, and we will continue to pursue corporations that try to put their bottom line over the people of Michigan.” -AG Nessel