CashApp Owes Texas Residents Money, Here’s How To Claim Yours
ATTENTION TEXAS CASH APP USERS: The money moving app has to pay a big fine and they might owe you money!
As we all know nowadays, whenever someone wants to send you money one of the first questions that get asked is: What's Your Cashapp?
Well, Cash App might be asking that same question TO YOU if you hurry and make a claim if you're a current or former Cashapp user after they agreed to pay up to settle a lawsuit.
Cash App and Block were sued over their response to security breaches in recent years and allegations that they failed to implement sufficient security measures to protect customers.
The class-action pointed to a 2021 incident, which the company disclosed in 2022, where a former employee downloaded reports of some U.S. users without permission. It also noted another breach disclosed in 2023, when an unauthorized user accessed some Cash App accounts using phone numbers that were linked to them.
They agreed to settle the litigation by paying $15 million that after attorneys fees and administration costs, that money will go to impacted customers who submit eligible claims.
What Do I Need To Do Get Paid?
You’ll have to submit a claim on the official settlement administrator’s website. The current deadline to submit a claim is Nov. 18 with the settlement’s final approval hearing slated for Dec. 16.
Those eligible include current or former Cash App customers who have been impacted by unauthorized access of their personal information or fraudulent withdrawals between Aug. 23, 2018 through Aug. 20 of this year. You may have received a personalized notice informing you about eligibility for the settlement by mail or email but if not, there’s also an option to manually provide information about your situation online.
How much Money We Talking Here?
Settlement payments will vary for each person depending on eligible losses and also how many people end up submitting a claim.
Class members can potentially receive payment for three types of claims: out-of-pocket losses, lost time and transaction losses. With documentation, you may be able to receive reimbursement of up to $2,500 in out-of-pocket losses, $25 an hour for lost time (capped at three hours) and additional relief for transaction losses.
Go get your money!
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