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Michigan to get nearly $1M in multimillion-dollar settlement over misleading practices on Cash App
By Samantha Sayles at WDIV ClickOnDetroit (NBC) - Local News
· July 9, 2026
· 3 min read
Michigan will receive nearly $1 million as part of a multi-million-dollar, multi-state settlement over the “deceiving” practices on Cash App, the state’s attorney general announced on Thursday.Michigan Attorney General Dana Nessel announced on July 9 that the $45 million multi-state settlement re...
Key takeaway ”According to Nessel’s office, Block told Cash App users that their money was safe, implying the app worked like a bank with the same protections -- which Nessel said was not true.
Why this matters in The Detroit
The nearly $1 million settlement Michigan will receive is a significant win for consumers in the state who have been affected by Cash App's misleading practices. This settlement is particularly relevant in Detroit , where many residents rely on peer-to-peer payment apps like Cash App for financial transactions. The fact that Block, the company behind Cash App, prioritized growing its user base over ensuring the safety of its users is concerning, especially in a city where financial security is already a challenge for many. The settlement's requirement that Cash App maintain strong safeguards for consumers and commit to putting stolen money back into the pockets of Michigan residents is a crucial step towards protecting Detroiters from fraud. As the state's attorney general continues to pursue corporations that engage in deceptive business practices, Detroit residents can expect increased scrutiny of financial services companies operating in the city.
About this story
Original reporting by WDIV ClickOnDetroit (NBC) - Local News . The Detroit surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WDIV ClickOnDetroit (NBC) - Local News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 9, 2026 ·
Source: WDIV ClickOnDetroit (NBC) - Local News ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? Michigan will receive nearly $1 million as part of a multi-million-dollar, multi-state settlement over the “deceiving” practices on Cash App, the state’s attorney general announced on Thursday.Michigan Attorney General Dana Nessel announced on July 9 that the $45 million multi-state settlement re...
When was this published? This article was first published on July 9, 2026 by WDIV ClickOnDetroit (NBC) - Local News and curated for The Detroit readers.
Who reported this story? This story was reported by Samantha Sayles at WDIV ClickOnDetroit (NBC) - Local News. To learn more about how The Detroit selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Detroit, or browse our daily briefing and topic hubs .
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