Block, the payments company chaired by Jack Dorsey, agrees to pay $45 million to resolve claims brought by 46 U.S. states over alleged mishandling of fraud on its Cash App platform. According to state attorneys general and the reporting across multiple outlets, the states allege Block misled consumers about the level of fraud protections available in Cash App. The complaints focus on claims that Block advertised protections that resemble bank-like safeguards, including fraud detection features, but allegedly did not provide the fraud protection and related resolution required by law. The investigation is described as being led by Oregon and Texas, with Oregon’s Department of Justice outlining the basis for the settlement. The agreement is characterized as part of a broader shift in state enforcement in areas that include financial services oversight. The outlets also note that the settlement addresses the states’ allegations, while some victims may face uncertainty about recovery depending on the settlement process and eligibility requirements. The settlement’s terms and how consumer relief is handled are presented as key points, though specific distribution details are not fully outlined in the provided summaries.