Government Warns Users about the Risk of Losing Money Stored In Payments Apps
Government regulators have issued a warning to users of popular payment tools such as Cash App, PayPal, and Venmo, stating that their funds are at risk in the event of a crisis because they are not protected by federal deposit insurance. The Consumer Financial Protection Bureau (CFPB) cautioned that if a payment service were to … Continue reading Government Warns Users about the Risk of Losing Money Stored In Payments Apps
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