Current:Home > ContactThe Daily Money: Can you get cash from the Cash App settlement? -Wealth Legacy Solutions
The Daily Money: Can you get cash from the Cash App settlement?
View
Date:2025-04-15 19:17:17
Good morning! It’s Daniel de Visé with your Daily Money, digital payments edition.
Cash App users could get some cash sent to their bank accounts soon in compensation for a data breach, Ahjané Forbes reports.
In a settlement, the mobile payment service has been ordered to pay $15 million in damages. According to a class-action lawsuit, plaintiffs sued Cash App Investing and Block Inc. for the companies' "failure to exercise reasonable care in securing and safeguarding consumer information."
Here are the details.
Bank probe targets Zelle
Meanwhile, the Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle Network, the Wall Street Journal reported.
The probe focuses on JPMorgan, Bank of America and Wells Fargo, among other large banks. JPMorgan last week had disclosed in a filing that it was responding to regulators regarding Zelle and was considering whether to sue a U.S. consumer watchdog over the agency's inquiries.
Here's what drew regulators' attention.
📰 More stories you shouldn't miss 📰
- Could we talk ourselves into a recession?
- Big changes at Costco
- A battle of viral campaign hats
- Google ruling could bite Apple
- What investments are recession-proof?
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
What would you and your spouse do with $351,000 when you retire?
That may sound like a nice nest egg, but you may need every penny just to cover health care costs in retirement, including Medicare premiums and drugs after insurance pays its part, Medora Lee reports.
Americans already lack retirement savings. A New York Life survey of 2,202 adults last month showed only 4 in 10 have a nest egg, even though 74% expect to retire at 64. That shortfall means many retirees may find their golden years tarnished by financial stress.
Here's the full report.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (6639)
Related
- Intellectuals vs. The Internet
- Travis Barker Pens Heartbreaking Letter to Teen Drummer After His Death
- Save 44% On a Bertello Portable Pizza Oven That’s Fast and Easy To Use
- Shop Deals on Activewear as Low as $9 at Nordstrom Clear the Rack Sale: Nike, Adidas, Skechers & More
- Travis Hunter, the 2
- Karlie Kloss Reveals Name of Baby No. 2 With Joshua Kushner
- Why Dressing Margot Robbie in Barbie Was the Biggest Challenge for the Costume Designer
- Kendall Jenner Is Not Well After Serving Up Drinks With Mom Kris Jenner in Hilariously Boozy Video
- Highlights from Trump’s interview with Time magazine
- Activist Group ‘Names and Shames’ Cargill and Its Heirs to Keep Deforestation Promises
Ranking
- Don't let hackers fool you with a 'scam
- Blake Lively and Ryan Reynolds' Matilda Date Night Is Sweet as Honey
- Israel approves divisive judicial overhaul, weakening court's power amid protests
- Disney Singer CoCo Lee’s Funeral Details Shared
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- In the Everglades, a Clash Portrayed as ‘Science vs. Politics’ Pits a Leading Scientist Against His Former Employer
- How Jackie Kennedy Reacted to Marilyn Monroe's Haunting Phone Call to John F. Kennedy: Biographer
- Gilgo Beach Murders Case: Authorities Detail Suspect Rex Heuermann's Concerning Internet History
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Tiger Woods’ Ex-Girlfriend Erica Herman Drops $30 Million Lawsuit Against His Trust
Jon Gosselin Has “No Idea” Why He’s Estranged From His Kids
Emily Ratajkowski Debuts Fiery Red Hair Transformation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Project Runway All Stars Designer Prajjé Oscar on Being Himself & What Comes Next
How John Krasinski's Elevator Ride Led to Emily Blunt’s Oppenheimer Casting
The Voice Debuts First Coaches Photo With Reba McEntire After Blake Shelton's Exit