Arizona Gets Piece of Cash App Settlement | Phoenix News

Arizona’s getting a slice of a $45 million settlement with Block, the company behind Cash App, after federal and state regulators accused them of misleading users into thinking their app was as secure as a bank — while fraud surged and they failed to protect users or offer adequate help. Instead of improving security, Block doubled down on marketing. The funds will support consumer protection efforts, including fraud investigations and scam prevention education, as part of a broader multi-state agreement to hold financial apps accountable for honest advertising. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7c71ea824814a9fd