AG Skrmetti 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 or resolution that the company promised and that was required by law. The multistate included Tennessee and 45 other states. Tennessee will receive $737,136.95 in settlement funds.

“Companies that promise Tennesseans their money will be protected need to keep their promises. Block failed to give consumers the safeguards and support they were guaranteed.  This settlement holds the company accountable and ensures meaningful reforms to better protect Cash App users.” -AG Skrmetti