Block stated the settlement resolves its final pending state regulatory matter and highlighted its investments in compliance remediation

Quotes that support claims

we have now reached an agreement with the final remaining state money transmission regulator, New York Department of Financial Services, to resolve a matter principally related to Cash App’s past compliance program," the spokesperson said in an email

Block confirmed that it had worked with NYDFS to “resolve the matter principally related to Cash App’s past compliance program.”