Texas co-leads $45 million settlement with Cash App over deceptive security claims

A settlement has been reached between Block, Inc. and 46 states, including Texas, over security failures related to Cash App. The settlement amount is $45 million.

As a result of the settlement, Block, Inc. will be making significant changes to its customer support and fraud reporting processes. Texas is a co-leader in the settlement.

Further details about the settlement and its implications can be found through FOX 26 Houston, the source of this information.