Cash App fined $255 million in back-to-back settlements

Cash App is closing out the week on the hook for $255 million in multiple settlements around its consumer protections.Block, the company that owns Cash App, agreed Wednesday to pay $80 million to 48 states that fined the company for violating laws intended to keep illicit activity off the platform.“State regulators found Block was not in compliance with certain requirements, creating the potential that its services could be used to support money laundering, terrorism financing, or other i