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The government agency argued that one of Block's portfolio companies, the leading peer-to-peer payments service Cash App, had allowed rampant fraud while misleading its customers. The settlement ...
Cash App customers may be able to claim more than $2,500 each as part of a $15 million class-action settlement for data and security breaches at the mobile payment service.
Time is running out for Cash App users to cash in on a $15 million settlement.. According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued Cash App Investing and Block Inc. for the ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
Cash App (formerly Square Cash) is a digital wallet for American consumers. [1] Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, [2] apply for personal loans, [3] and file taxes. [4] As of 2024, Cash App reports 57 million users and $14.7 billion in annual revenue ...
The regulator said Block, which is led by Twitter Co-founder Jack Dorsey, directed Cash App users who experienced fraud-related losses to contact their banks for transaction reversals, which Block ...
For example, in 2014, the FTC settled with Apple over allegations that the company allowed children to make unauthorized in-app purchases without their parents' consent. As part of the settlement, Apple agreed to refund a minimum of $32.5 million to affected consumers that were billed for in-app purchases incurred by children.
Cash App users have less than 24 hours to file a claim to get some cash from a $15 million settlement.. If their Cash App account was a part of a December 2021 data and security breach, users of ...