{"id":47849,"date":"2026-07-15T12:45:37","date_gmt":"2026-07-15T12:45:37","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47849"},"modified":"2026-07-15T12:45:37","modified_gmt":"2026-07-15T12:45:37","slug":"texas-regulators-securing-45000000-settlement-with-cash-app-over-fraud-claims","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=47849","title":{"rendered":"Texas Regulators Securing $45,000,000 Settlement with Cash App Over Fraud Claims"},"content":{"rendered":"

\"\"<\/p>\n

Users of a popular payment app stand to recover funds after regulators found misleading promises about security and support.<\/p>\n

Block Inc., the company behind the Cash App payment service, has agreed to the $45 million multistate settlement addressing allegations that the app failed to deliver on advertised fraud protections, says<\/a> the Texas Attorney General.<\/p>\n

The multistate investigation was launched because Cash App allegedly marketed itself as a safe banking alternative despite rising fraud and inadequate protections.<\/p>\n

Plaintiffs accused the company of lax verification standards, years-long absence of phone support, and deceptive social media promotions that left users exposed to scammers.<\/p>\n

The complaint claims the defendant delayed internal fraud investigations and set unwarranted account lockouts preventing victims from recovering stolen funds.<\/p>\n

Under the agreement, the company must provide 24-hour customer support, stop deceptive marketing, and fulfill legal obligations to investigate and reimburse certain losses.<\/p>\n

Forty-six states participated in the investigation targeting practices that exploited user trust.<\/p>\n

The resolution includes a restitution program for victims impacted by unauthorized transactions.<\/p>\n

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The post Texas Regulators Securing $45,000,000 Settlement with Cash App Over Fraud Claims<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Users of a popular payment app stand to recover funds after regulators found misleading promises about security and support. Block Inc., the company behind the Cash App payment service, has agreed to the $45 million multistate settlement addressing allegations that the app failed to deliver on advertised fraud protections, says the Texas Attorney General. The […]<\/p>\n","protected":false},"author":1,"featured_media":47850,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-47849","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nTexas Regulators Securing $45,000,000 Settlement with Cash App Over Fraud Claims - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=47849\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Regulators Securing $45,000,000 Settlement with Cash App Over Fraud Claims - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Users of a popular payment app stand to recover funds after regulators found misleading promises about security and support. 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