Block settles $45M fraud protection lawsuit with 46 US states over Cash App.

Block issued regulatory on July 9, 2026.

Primary

Block

Amount

$45M

Structure

regulatory

Date

July 9, 2026

Sub-sector

B2B Payments

Demonstrates regulatory scrutiny of fraud controls in P2P payments—a compliance cost that smaller fintech platforms must anticipate. Sets precedent for state-level enforcement acti

Primary company

Block

Counterparty

Not disclosed

Amount

$45M

Event date

July 9, 2026

Sub-sector

B2B Payments

HQ

Not disclosed

Structure

regulatory

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com