Cash App Borrow Military Lending Act settlement
Bailey v. Block, Inc., et al.
Also known as Cash App military settlement; Block MLA Settlement; Square Financial Services; 4:25-cv-5625
The lawsuit claimed Cash App Borrow loans to military borrowers broke Military Lending Act rate caps.
Copied from the official notice. Last compared Nov 7, 2026.
- You could get
- About $58.95 a loan
Source
“Approximately $58.95 per eligible Cash App Borrow loan”
From the administrator site: Official settlement site home page. Last compared Nov 7, 2026.
- Claims
- No claim form needed
Source
“If you are a Settlement Class Member and wish to update your contact information, or update your payment method from a check to a digital payment method, please login with the LoginID and PIN printed on the Notice that was sent to you. ... The deadline to submit your Address Update/Payment Selection is March 23, 2027.”
From the administrator site: Official Address Update/Payment Selection login page. Last compared Nov 7, 2026.
- Who can file
- Military borrower with a Cash App Borrow loan over 36% APR
Source
“Excluded from the Settlement Class are (i) any judge or magistrate judge presiding over this Action, members of their staff, and members of their immediate families; (ii) the Released Parties; (iii) persons who properly execute and file a timely request for exclusion from the Settlement Class; (iv) persons whose claims in this matter have been finally adjudicated on the merits or otherwise released; (v) counsel for Defendants; and (vi) the legal representatives, successors, and assigns of any such excluded persons.”
From the court record: Settlement Agreement, linked from the official site. Last compared Nov 7, 2026.
- Where
- Anywhere in the U.S.
Source
“Persons who, as of May 28, 2025, (i) obtained a Cash App Borrow loan from FEB or SFS through Block’s Cash App platform, (ii) were covered borrowers as defined under the Military Lending Act and its implementing regulations at the time they obtained a Cash App Borrow loan, and (iii) the Military Annual Percentage Rate applicable to the Cash App Borrow loan exceeded thirty-six percent (36%).”
From the court record: Settlement Agreement, linked from the official site. Last compared Nov 7, 2026.
Quick answers
How much is the Cash App Borrow Military Lending Act settlement payout?
About $58.95 a loan.
Do I need to file a claim for the Cash App Borrow Military Lending Act settlement?
No claim form. Payment is automatic. To get a digital payment instead of a check, or to update your address, log in on the official site with the LoginID and PIN from your notice by March 23, 2027.
When will the Cash App Borrow Military Lending Act settlement pay?
Payment can only happen after the court gives final approval and any appeals are over.
The final approval hearing is set for Mar 23, 2027.
Is the Cash App Borrow Military Lending Act settlement legit?
The settlement administrator (the company that handles claims) is Simpluris, and the official site is www.blockmlasettlement.com. Real notices point there; if a link in a message goes anywhere else, do not use it.
The official site never asks you to pay to file.
Also ending this week
Related settlements
Confirm with the administrator before you act.
Case details
- Case
- Bailey v. Block, Inc., et al.
- Court
- U.S. District Court, Northern District of California
- Case number
- 4:25-cv-5625
- Administrator
- Simpluris
- Official site
- www.blockmlasettlement.com
- Settlement fund
- $615,000
- Full payout terms
- Approximately $58.95 per eligible Cash App Borrow loanEstimated at approximately $58.95 for each eligible Cash App Borrow loan (Military APR above 36% as of May 28, 2025), after attorneys' fees (up to 25%, $153,750), expenses (up to $25,000), administration costs and any service award (up to $5,000). Payment goes by check to your address on file with Cash App, or electronically if you choose. A second payment may follow, depending on how many first-round payments are not deposited.
Other dates
- Opt-out (exclusion) deadline
- (ahead) source document
- Objection deadline
- (ahead) source document
- Final approval hearing
- (ahead) source document
The court’s exact words
Persons who, as of May 28, 2025, (i) obtained a Cash App Borrow loan from FEB or SFS through Block’s Cash App platform, (ii) were covered borrowers as defined under the Military Lending Act and its implementing regulations at the time they obtained a Cash App Borrow loan, and (iii) the Military Annual Percentage Rate applicable to the Cash App Borrow loan exceeded thirty-six percent (36%).
Quoted from the official notice. Read the notice for the full definition.
Our notes: You are in the class if, as of May 28, 2025, you got a Cash App Borrow loan from First Electronic Bank (FEB) or Square Financial Services (SFS) through Block's Cash App platform, you were a covered borrower under the Military Lending Act when you got the loan, and the loan's Military Annual Percentage Rate was above 36%. If you received a mailed or emailed notice, it should say you are a class member according to Defendants' records. Excluded: any judge or magistrate judge presiding over the case, their staff and immediate families; the Released Parties (Block, SFS, FEB and their related companies and their past, present and future owners, officers, directors, employees, agents and attorneys); people who opt out; people whose claims were already finally decided or released; Defendants' counsel; and the legal representatives, successors and assigns of excluded persons.
You may be included if, as of May 28, 2025, you got a Cash App Borrow loan while a Military Lending Act covered borrower.
It covers only loans whose Military Annual Percentage Rate was above 36%.
You are not included if you are a judge on the case or their staff or family, Block, SFS, FEB or their staff, their counsel, or opted out.
Sources and checks (6)
Every fact people act on was copied from the official source and compared with it. How we check
- Official settlement site home page administrator site
- Official FAQs administrator site
- Official Important Dates page administrator site
- Official Address Update/Payment Selection login page administrator site
- Class Action Settlement Notice (long form), linked from the official site administrator site
- Settlement Agreement, linked from the official site court record
What changedLast change Nov 3, 2026
- Page created. No claim form: payment is automatic. source document
Questions
I already filed. What now?
There is no claim form, so there was nothing to file. The administrator pays class members automatically, usually after final approval and any appeals. Never pay anyone to check on a payment.
Opting out
To leave the settlement and keep your right to sue on your own, follow the official notice by Jan 25, 2027. If you opt out, you get no payment. Opting out and objecting have separate rules; we cannot tell you which is right for you.