Block settles $45M fraud protection probe across 46 states for Cash App misleading claims.

Block issued a regulatory action on July 9, 2026.

Primary

Block

Amount

$45M

Date

July 9, 2026

Sub-sector

B2B Payments

This regulatory settlement signals enforcement focus on fraud protection disclosures and consumer resolution obligations in P2P payments—critical compliance requirements for fintech founders building similar products. The multi-state coordination demonstrates aggressive state-level scrutiny of payment safety claims.

Primary company

Block

Counterparty

Not disclosed

Amount

$45M

Event date

July 9, 2026

Sub-sector

B2B Payments

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

PYMNTS

Source: pymnts.com