The Cash App settlement, which involves a $15 million class action payout by Cash App and its parent company, Block, Inc., has garnered significant attention among affected users. The settlement is aimed at compensating individuals who have experienced issues such as unauthorized access to personal data, fraudulent transactions, or unresolved errors. Here’s a detailed breakdown of the settlement, eligibility criteria, and how to file a claim.
Cash App Settlement 2024: Key Details
The settlement follows allegations that Cash App misused customer information and failed to adequately protect user accounts, leading to data breaches and unauthorized activity. Customers who meet the eligibility criteria have the opportunity to claim compensation, with a maximum payout of $2,500 per individual, depending on the extent of their losses.
| Authority | Details |
|---|---|
| Settlement Amount | $15 million |
| Claim Deadline | 18 November 2024 |
| Maximum Payout | Up to $2,500 per claimant |
| Final Hearing | 13 January 2025 |
| Official Website | www.cashappsecuritysettlement.com |
Understanding the Cash App Settlement
The class action lawsuit primarily addresses two key issues:
- Data Breaches
- A December 2021 incident where a former employee accessed sensitive user data without authorization.
- Unauthorized access through recycled phone numbers linked to Cash App accounts.
- Fraudulent Transactions
- Claims of extra fees, penalties, or fake accounts being created using customer information.
The settlement allows affected customers to receive compensation while Block, Inc. avoids further litigation.
Eligibility Criteria for Settlement Compensation
To qualify for compensation under the Cash App settlement, individuals must meet the following criteria:
- Cash App User: Must be a current or former user of Cash App.
- Data Breach Victim: Personal information must have been accessed without consent by employees or through recycled phone numbers.
- Fraudulent Activity: Evidence of unauthorized transactions or unresolved account errors.
- Applicable Timeframe: The issues must have occurred between 23 August 2018 and 20 August 2024.
How to File a Claim
To receive compensation, eligible customers must complete the claim process as outlined below:
- Visit the Official Website
Access the settlement website at www.cashappsecuritysettlement.com. - Submit the Claim Form
- Locate the claim form under the Notification Section.
- Fill in the required details, including your account information and documentation of losses (if available).
- Submit by the Deadline
Ensure the form is submitted before the 18 November 2024 deadline. - Await Notification
After submitting your claim, wait for confirmation from the settlement administrators regarding your eligibility and potential payout.
Important Dates for the Settlement
| Event | Date |
|---|---|
| Claim Submission Deadline | 18 November 2024 |
| Final Approval Hearing | 13 January 2025 |
| Payment Distribution | Following the hearing |
Settlement Compensation Amounts
The compensation distributed to each claimant depends on the losses they experienced. The maximum payout is set at $2,500 for eligible individuals, with smaller amounts for less significant claims.
FAQs
What is the deadline to file a claim?
he deadline for submitting a claim is 18 November 2024.
How much compensation can I receive?
Compensation varies based on the extent of your losses, with a maximum payout of $2,500.
Who is eligible for the settlement?
Current or former Cash App users whose personal information was accessed without consent or who faced fraudulent account activity between 23 August 2018 and 20 August 2024.
How will the compensation be distributed?
Payments will be made following the final approval hearing, which is scheduled for 13 January 2025.
Where can I file my claim?
Claims can be submitted online via the official settlement website: www.cashappsecuritysettlement.com.
