Conditional plan

July agreed redress credit and 2030 fallback

Federal-order redress payments satisfy this agreement. Conditional fallback plan is proposed by 18 March 2030 for eight-state committee approval before payment; not a second additive USD 75–120m award.

What the records show

July 2026 Block / state-AG agreed resolutionJuly agreed redress credit and 2030 fallback

sets credit and conditional fallback mechanism

State-specific agreed texts stipulate effective 8 July 2026. Party assent observed; judicial entry and subsequent changes/performance unverified.

Existing CFPB redress satisfies the agreed USD 75–120m redress obligation; no second additive award. If at least USD 75m has not been paid in connection with that order by 16 January 2030, materially similar fallback plan must be proposed by 18 March 2030. March deadline is plan submission, not completed payment.

July settlement Multistate AG Executive CommitteeJuly agreed redress credit and 2030 fallback

must approve conditional fallback plan before payment

State-specific agreed texts stipulate effective 8 July 2026. Party assent observed; judicial entry and subsequent changes/performance unverified.

Defined eight-state committee reviews/approves materially similar fallback plan if condition triggers. Ongoing but incomplete federal payment requires an update; Block notifies committee within 10 days after sending CFPB its paragraph122 Redress Report. No internal vote rule or universal operating-policy veto.

July agreed redress credit and 2030 fallbackRequired CFPB Redress Plan and allocation

credits payments under federal redress order

State-specific agreed texts stipulate effective 8 July 2026. Party assent observed; judicial entry and subsequent changes/performance unverified.

Payments under docket 2025-CFPB-0001 satisfy state redress; July terms do not create a second independent consumer pool. Federal reserve/shortfall mechanics remain separate from proof of consumer receipt.

Further reading

July 2026 multistate AG / Block resolution

CFPB / Block: account restrictions, error redress and accountable decision-making

Read the original sources 3

What the connections say

3 relationships
1

July 2026 Block / state-AG agreed resolutionsets credit and conditional fallback mechanismJuly agreed redress credit and 2030 fallback

State-specific agreed texts stipulate effective 8 July 2026. Party assent observed; judicial entry and subsequent changes/performance unverified.

Existing CFPB redress satisfies the agreed USD 75–120m redress obligation; no second additive award. If at least USD 75m has not been paid in connection with that order by 16 January 2030, materially similar fallback plan must be proposed by 18 March 2030. March deadline is plan submission, not completed payment.

Read the original sources 3
2

July agreed redress credit and 2030 fallbackcredits payments under federal redress orderRequired CFPB Redress Plan and allocation

State-specific agreed texts stipulate effective 8 July 2026. Party assent observed; judicial entry and subsequent changes/performance unverified.

Payments under docket 2025-CFPB-0001 satisfy state redress; July terms do not create a second independent consumer pool. Federal reserve/shortfall mechanics remain separate from proof of consumer receipt.

Read the original sources 3
3

July settlement Multistate AG Executive Committeemust approve conditional fallback plan before paymentJuly agreed redress credit and 2030 fallback

State-specific agreed texts stipulate effective 8 July 2026. Party assent observed; judicial entry and subsequent changes/performance unverified.

Defined eight-state committee reviews/approves materially similar fallback plan if condition triggers. Ongoing but incomplete federal payment requires an update; Block notifies committee within 10 days after sending CFPB its paragraph122 Redress Report. No internal vote rule or universal operating-policy veto.

Read the original sources 2