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Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud.
In fact, complaints of fraud on Cash App have increased a whopping 472 percent during the pandemic, according to the Federal Trade Commission. Some fraudsters create fake grant or relief programs ...
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.
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 ...
If you receive a random deposit that you think might be a scam, you should get in touch with Cash App customer service right away. Contact information is available at cash.app/help. 3.
The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) Block had engaged in widespread and years-long compliance lapses at Square and Cash App, including by failing to conduct basic due diligence regarding its customers’ identities or the nature of ...
Cash App (formerly Square Cash) is a digital wallet for American consumers. [2] Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, [3] apply for personal loans, [4] and file taxes. [5] As of 2024, Cash App reports 57 million users and $283 billion in annual inflows ...
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 ...