Nebraska part of $80 million Cash App settlement

Jan 15, 2025

LINCOLN, Neb. (KLKN) — Nebraska announced Wednesday that it is part of an $80 million settlement with financial services company Block. Block, which owns Cash App, is being fined for violations of the Bank Secrecy Act and anti-money laundering laws. More than 50 million Americans use Cash App, according to the Nebraska Department of Banking and Finance. Regulators found that...