Kentucky to get slice of national CashApp settlement

🌎 Resumen en español · traducción automática

Kentucky recibirá $372,819 para su fondo general después de que el Fiscal General Russell Coleman participara en una demanda multiestatal contra Block por $45 millones, acusando a CashApp de tergiversar la cobertura de seguro y congelar cuentas de usuarios inocentes. Según la sentencia del miércoles, Kentucky le corresponde $556,445.47 del acuerdo, del cual $183,626 irán a honorarios del abogado del fiscal general. Block negó cualquier responsabilidad en el acuerdo, mientras que Coleman afirmó que su oficina está "orgullosa de proteger a los consumidores de Kentucky de negocios depredadores".

Traducción y resumen generados por IA a partir del artículo en inglés. Puede contener errores; consulte el texto original.

FRANKFORT — Kentucky’s General Fund is getting a nearly $400,000 deposit thanks to a national $45 million CashApp/Block settlement. 

Kentucky’s slice of the settlement is $556,445.47, according to a Wednesday judgement. After attorney fees of $183,626 for the attorney general, $372,819 heads to the state general fund

Attorney General Russell Coleman was part of a multi-state coalition to sue Block, alleging it “misrepresented CashApp’s safety and insurance coverage, failed to honor refund protections and wrongfully froze innocent users’ accounts.” CashApp is an app that lets its users digitally transfer money, among other things. 

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The Wednesday court filing said that the company “denies any wrongdoing and the allegations in the Complaint, and no part of this Judgment shall constitute evidence of any liability, fault, or wrongdoing by Block.” 

A company spokesperson said in a statement that “Cash App has made significant investments in consumer protection, customer service and compliance in order to safeguard and serve the tens of millions of Americans who rely on Cash App to meet their banking and credit needs.”

“We share the commitment of the attorneys general to addressing industry challenges and continue to invest in operations and technology to promote a safe and healthy financial ecosystem,” the spokesperson said.

Coleman, meanwhile, said his office is “proud to protect Kentucky consumers from predatory businesses.” 

“We are helping to make Kentuckians whole and putting into place safeguards that will help prevent Kentuckians from falling victim to fraud in the future,” said Coleman. 

Read the judgement

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