Cash App parent company to pay $45 million in multistate fraud settlement, Va. AG says

By: Markus Schmidt

Outlets: Virginia Mercury

Published: July 13, 2026

Words: 716

Last Updated: 1 week, 1 day ago

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Cash App’s parent company will pay $45 million and overhaul its fraud prevention and customer service practices under a multistate settlement, resolving allegations that the popular payment app failed to protect users from scams while misleading them about the security of customers’ money.

Virginia is among 46 participating states in the settlement with Block, Inc., the company behind Cash App. The commonwealth will receive about $845,500, Attorney General Jay Jones announced Monday, which his …

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