Cash App and Block, Inc. have agreed to pay $15 million as a class action settlement to citizens who have lost their funds or are facing issues, causing significant concern among Americans seeking compensation.
Cash App Settlement 2024
The Cash App has been accused of misleading customers and illegally using their information, leading to unusual activities like extra fees and penalties. Despite attempts to confront authorities, customers denied all charges, leading to a class action lawsuit against the company.
The company owners have agreed to pay a Cash App Settlement amount, which will be distributed among customers to withdraw the lawsuit and civil penalties, with a significant portion distributed to citizens as compensation from the application authorities.
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Cash App Settlement 2024: Check Amount, Eligibility & Payment Dates
The Cash App Settlement 2024 involves a $15 million settlement fund established to compensate eligible users impacted by data breaches or fraudulent activities between August 23, 2018, and August 20, 2024. Here’s a detailed breakdown of the settlement:
Highlights in a Table
| Cash App Settlement 2024 | Details |
|---|---|
| Total Settlement Amount | $15 million |
| Eligibility | Current/former Cash App or Cash App Investing users affected by unauthorized access or fraud. |
| Maximum Payout | Up to $2,500 for documented losses and $75 for lost time reimbursement. |
| Documentation Required | Proof of losses, such as bank reports, police reports, or correspondence with Cash App. |
| Claim Filing Website | cashappsecuritysettlement.com |
| Final Approval Hearing | December 16, 2024 |
Cash App Types of Compensation
Amounts vary depending on the documentation provided for fraudulent or unauthorized account activities.
- Out-of-Pocket Losses:
- Reimbursement of up to $2,500 for documented costs such as identity theft protection, bank fees, or replacement cards.
- Lost Time:
- Compensation for up to 3 hours of lost time at $25 per hour (maximum $75), for efforts spent resolving issues related to the breach.
- Transaction Losses:
- Amounts vary depending on the documentation provided for fraudulent or unauthorized account activities.
Cash App Settlement Understanding
- Addresses two data breaches
- Former employees accessed sensitive user reports without consent.
- Unauthorized access via recycled phone numbers linked to digital accounts.
How to File a Claim
Filing is straightforward and can be completed online:
- Visit the Cash App Security Settlement Website.
- Enter your Notice ID and Confirmation Code (if received) or start a new claim.
- Provide personal details, list your $Cashtags, and upload documentation for your claim.
- Select your payment method (e.g., direct deposit, Venmo, or Zelle).
- Submit your claim by November 18, 2024.
Cash App Settlement Eligibility Criteria.
To qualify for compensation, you must meet one of the following conditions:
- Current or former users.
- Personal information accessed by employees without consent.
- Fraudulent transactions and unsolved account errors.
- Data breach between 23 August 2018 and 20 August 2024.
Searched 5 sites
Cash App Settlement 2024: Check Amount, Eligibility & Payment Dates
The Cash App Settlement 2024 involves a $15 million settlement fund established to compensate eligible users impacted by data breaches or fraudulent activities between August 23, 2018, and August 20, 2024. Here’s a detailed breakdown of the settlement:
Highlights in a Table
| Key Aspect | Details |
|---|---|
| Total Settlement Amount | $15 million |
| Eligibility | Current/former Cash App or Cash App Investing users affected by unauthorized access or fraud. |
| Claim Deadline | November 18, 2024 |
| Maximum Payout | Up to $2,500 for documented losses and $75 for lost time reimbursement. |
| Documentation Required | Proof of losses, such as bank reports, police reports, or correspondence with Cash App. |
| Claim Filing Website | cashappsecuritysettlement.com |
| Final Approval Hearing | December 16, 2024 |
Eligibility Criteria
To qualify for compensation, you must meet one of the following conditions:
- Be a current or former customer of Cash App or its affiliates.
- Have experienced unauthorized access to your account, fraudulent transactions, or improper handling of personal data during the settlement period.
Types of Compensation
- Out-of-Pocket Losses:
- Reimbursement of up to $2,500 for documented costs such as identity theft protection, bank fees, or replacement cards.
- Lost Time:
- Compensation for up to 3 hours of lost time at $25 per hour (maximum $75), for efforts spent resolving issues related to the breach.
- Transaction Losses:
- Amounts vary depending on the documentation provided for fraudulent or unauthorized account activities.
How to File a Claim
Filing is straightforward and can be completed online:
- Visit the Cash App Security Settlement Website.
- Enter your Notice ID and Confirmation Code (if received) or start a new claim.
- Provide personal details, list your $Cashtags, and upload documentation for your claim.
- Select your payment method (e.g., direct deposit, Venmo, or Zelle).
- Submit your claim by November 18, 2024.
You may also mail a printed claim form to the Settlement Administrator if preferred.
Important Dates
- Claim Filing Deadline: November 18, 2024.
- Final Approval Hearing: December 16, 2024.
- Payments Begin: Likely in early 2025, following court approval.
Cash App Settlement Amount
The Cash App Settlement 2024 provides a chance for eligible customers to recover losses from unauthorized access or fraudulent transactions, requiring submission of a claim form with proper documentation before the deadline.
Conclusion
The Cash App Settlement 2024 offers eligible customers an opportunity to recover losses from unauthorized access or fraudulent transactions. To ensure you receive compensation, submit your claim form with proper documentation before the deadline. Visit the official settlement website for further details and updates.
FAQs About the Cash App Settlement
- Do I Need an Attorney to File a Claim?
No, filing a claim is a straightforward process, and you can do it independently through the settlement website. - How Will I Receive My Payment?
Payments may be sent as checks or direct deposits, depending on your preference indicated during the claim process. - What If I No Longer Use Cash App?
As long as you had an active account during the settlement period, you might still be eligible. Include updated payment information on your claim form.