ATTORNEY GENERAL JAY JONES ANNOUNCES $45 MILLION MULTISTATE SETTLEMENT WITH BLOCK INC. OVER DECEPTIVE PRACTICES ON CASH APP

RICHMOND, Va., July 14 -- The Virginia Attorney General issued the following news release:

Attorney General Jay Jones Announces $45 Million Multistate Settlement with Block Inc. Over Deceptive Practices on Cash AppRICHMOND, Va.- Attorney General Jay Jones 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 toprotect users from fraud on the platform, anddidn'tprovide the fraud protection and resolution that it promised and that was required by law. In short, the companyfailed tohelp people when things went wrong. As a result of the settlement, Virginia will receive...