Maine will be the recipient of more than $338,000 as part of a $45 million multi-state settlement with peer-to-peer payments app Cash App.
46 states joined together to sue Block, Inc., the company that owns Cash App, for allegedly misleading consumers about the platform’s security and failing to protect users from fraud.
Despite the settlement, Block, Inc. has denied wrongdoing.
“Cash App recklessly prioritized growth of their business over basic consumer protections, often at the expense of customers who were needlessly left open to fraud,” said Attorney General Aaron Frey in a statement Wednesday.
“This settlement provides compensation to address customer losses and provides other relief to ensure customers of Cash App are protected,” he added.
Click Here to Read Attorney General Frey’s Full Statement
As part of the settlement, in addition to the payout, Block, Inc. has agreed to implement and maintain several practices designed to make their services safer and more reliable for customers.
For example, the company will need to “provide direct education” to consumers regarding common types of fraud that occur on the platform. They will also be prohibited from making “false, misleading, or deceptive representations regarding the extent to which Cash App is a bank.”
Cash App will also need to provide live customer support 24 hours a day, with a human available by phone at least 13.5 hours a day and by live chat at least 18 hours a day.
Which ultra left wing , third world , immigrant supportive , virtue signaling , NGO will Aaron award THIS ONE to ?
Any bets that it winds up in the hands of the Somalis ?
Which ultra left wing , third world , immigrant supportive , virtue signaling , NGO will Aaron Frey award THIS ONE to ?
Any bets that it winds up in the hands of the Somalis ?
How do you suppose they will waste this ???
“kim
How do you suppose they will waste this ???” I think Louisewood just answered that, 😉