Frequently Asked Questions

Learning more about the Lawsuit & Settlement

1. What does the Settlement include?

If the Court approves the Settlement, a $615,000.00 Settlement Fund will be set up to cover: (1) cash payments to Settlement Class Members, (2) attorneys’ fees, (3) costs, (4) settlement administration, and (5) any service award for Plaintiff that the Court may later approve. Payments to Settlement Class Members are tied to class membership and the number of eligible Cash App Borrow loans wherein the Military Annual Percentage Rate applicable to the Cash App Borrow loan exceeded thirty-six percent (36%) as of May 28, 2025.

If the Court approves the Settlement in full, each Member of the Settlement Class will automatically receive payment of approximately $58.95 for each eligible Cash App Borrow loan wherein the Military Annual Percentage Rate applicable to the Cash App Borrow loan exceeded thirty-six percent (36%) as of May 28, 2025. There may be a second payment depending on the number of Settlement payments that remain undeposited. The amount of that payment will vary depending on how many initial payment checks are cashed.

2. Who are the attorneys representing the Settlement Class and how will they be paid?

The Court has approved lawyers to represent the Settlement Class (“Class Counsel”). The attorneys who have been appointed by the Court to represent the Settlement Class are a team of lawyers from Jacobson Phillips, PLLC (specifically, Joshua Jacobson) and Carney Bates & Pulliam, PLLC (specifically, Randall Pulliam and Lee Lowther). You may reach Class Counsel at the following addresses/phone numbers:

Class Counsel expect to ask the Court to approve attorneys’ fees not to exceed 25% of the Settlement Fund ($153,750.00), plus reimbursement of their out-of-pocket expenses, not to exceed $25,000.00.

Class Counsel may also seek a service award for the Plaintiff class representative, in an amount not to exceed $5,000.00, for his services in representing the Settlement Class.

If the Court approves them, these attorneys’ fees, costs, service award, and settlement administration expenses will be paid from the Settlement Fund.

Deciding what to do

3. What are my options?

You have three options. You can (1) remain in the Settlement; (2) exclude yourself from the Settlement (i.e., “opt out”); or (3) remain in the Settlement and object to the Settlement.

Your options and rights are explained in the following questions, along with the steps you must take if you wish to opt out (see Question 6) or object (see Question 8).

4. What are the consequences of remaining in the Settlement?

You do not have to take any action to remain in the Settlement.

If you remain in the Settlement, you will not be able to pursue claims against Defendants that are covered by the Settlement’s release. All of the Court’s decisions regarding the Settlement will apply to you, and you will be bound by any judgment that the Court enters.

If the Court grants final approval of the Settlement: each Member of the Settlement Class will automatically receive payment of approximately $58.95 for each eligible Cash App Borrow loan wherein the Military Annual Percentage Rate applicable to the Cash App Borrow loan exceeded thirty-six percent (36%) as of May 28, 2025.

If you would like to receive your payment through an electronic form, or if you would like to request a change of address, please fill out this form.

5. What are the consequences of opting out of the Settlement?

If you exclude yourself from the Settlement, you will not receive any money from the Settlement. You will not be bound by any of the Court’s orders regarding the Settlement or any judgment or release that the Court enters regarding the Settlement. You will retain any legal rights you may have against Defendants.

You will be responsible for the fees and costs of any future services provided by your own lawyer.

6. How do I opt out?

If you wish to be excluded from the Settlement (to “opt out”), you must mail a written request for exclusion to the Settlement Administrator at:

Bailey v. Block, Inc.
c/o Settlement Administrator
P.O. Box 25226
Santa Ana, CA 92799-9958

Your request for exclusion must be in writing, sent to the Settlement Administrator and postmarked no later than January 25, 2027. Your request for exclusion must be personally signed by you and must include: (1) your name, address, telephone number, and $Cashtag associated with your Cash App Account; and (2) a statement substantially to the effect that: “I request that I be excluded from the Settlement Class in the case of Bailey v. Block Inc., et al. (N.D. Cal.).”

The address that you use on your exclusion request should be the address to which your Notice was mailed. If you have a new address, please also inform the Settlement Administrator of this new address so they can update the appropriate records. If you exclude yourself from the Settlement, you will not be eligible to receive a payment.

7. What happens if I object to the Settlement?

You can ask the Court to deny approval by filing an objection. You can’t ask the Court to order a different Settlement. The Court can only approve or deny the Settlement as proposed; it cannot rewrite the Settlement.

If you object according to the steps in Question 8, the Court will consider your objection. If the Court overrules your objection, you will be bound by the Court’s decision, you will remain a part of the Settlement, and you will receive a settlement payment. If the Court denies approval, the Settlement will not take effect, no settlement payments will be sent, and the lawsuit will continue.

8. How do I object to the Settlement?

You may object to all or part of the Settlement if you think, for any reason, that it is not fair, reasonable, or adequate.

To object, you must file with the Court or send to the Clerk of Court at the United States District Court for the Northern District of California, 1301 Clay St., Oakland, CA 94612 the objection in writing. Your objection must clearly identify the case name and number of the lawsuit (Bailey v. Block Inc., et al., Case No. 4:25-cv-5625 (N.D. Cal.)) and include a written statement stating the reasons for the objection to the Settlement, along with any supporting documentation that you wish the Court to consider.

If you decide to object to the Settlement, your objection must be filed with the District Court on or before February 1, 2027.

Additional Information

9. When and where will the Court decide whether to approve the Settlement?

The Court will hold a Final Fairness Hearing at 9:00 a.m., on March 23, 2027, at the Ronald V. Dellums Federal Building & U.S. Courthouse, Courtroom 1 – 4th Floor 1301 Clay St., Oakland, CA 94612. At this Final Fairness Hearing, the Court will consider whether the proposed Settlement is fair, reasonable, and adequate and whether to finally approve the Settlement. The Court will also hear objections to the Settlement, if any. We do not know how long the Court will take to make its decision after the Final Fairness Hearing. In addition, the Final Fairness Hearing may be postponed at any time by the Court without further notice to you.

You do not have to appear at the Final Fairness Hearing. If you are filing an objection, your objection should include a statement of whether or not you intend to appear at the Hearing, and whether you intend to hire an attorney (see Question 8).

10. Where can I get additional information?

This website and the Notice summarize the proposed Settlement. For the precise terms of the Settlement, please see the Settlement Agreement, access the Court docket in this case, for a fee, through the Court’s Public Access to Court Electronic Records (PACER) system at https://ecf.cand.uscourts.gov, or visit the office of the Clerk of the Court for the United States District Court for the Northern District of California, 1301 Clay St., Oakland, CA 94612, between 9:00 a.m. and 4:00 p.m., Monday through Friday, excluding Court holidays.

You may also contact the Settlement Administrator by emailing info@BlockMLASettlement.com or calling (833) 417-4917, or you may contact Class Counsel at the addresses/phone numbers in Question 2.

Please do not contact the Court, the Clerk’s office, Defendants, or Defendants’ Counsel to ask questions about the Settlement or the Notice. They cannot answer any questions or discuss the Settlement.