Cash App's Parent Block Pays 45 Million to States While Separate 15 Million Breach Fund Pays Out
Cash App is having the kind of month most companies would rather forget — except this time, October 2026 brought two separate piles of money changing hands. The first is a 45 million dollar multistate settlement: 46 states alleged that Block, Cash App's parent company, misled users about the strength of its fraud protections — including claims implying the app worked like a bank — while running dispute investigations that states called woefully incomplete under federal Regulation E.