The Cash App Settlement 2024 has become a significant concern for many Americans seeking compensation due to unauthorized account activities and data breaches. Block, Inc., the parent company of Cash App, has agreed to a $15 million class action settlement to address claims of customer data misuse and fraudulent account transactions. This guide will walk you through the eligibility criteria, claims process, and important dates associated with the settlement.
Cash App Settlement 2024: Key Overview
| Program Name | Details |
|---|---|
| Authority | Cash App / Block, Inc. |
| Settlement Amount | $15 Million |
| Maximum Compensation | $2,500 |
| Claim Deadline | November 18, 2024 |
| Final Approval Hearing | January 13, 2025 |
| Payment Date | Post-final hearing approval |
| Official Website | www.cashappsecuritysettlement.com |
Background of the Cash App Settlement
The class action settlement stems from allegations that Cash App:
- Misused customer information without proper consent.
- Allowed unauthorized access to sensitive user data.
Data Breach Details:
- December 2021 Incident: A former Cash App employee improperly accessed private customer information.
- Recycled Phone Numbers: Unauthorized access occurred through phone numbers previously linked to Cash App accounts.
These breaches resulted in fraudulent activities, such as unsanctioned transactions, unexplained fees, and creation of fake accounts. The resulting lawsuit led to Block, Inc.’s agreement to pay $15 million to resolve the claims.
Cash App Settlement Eligibility Criteria
To qualify for the Cash App Settlement compensation, customers must meet the following conditions:
- User Status
- You must be a current or former Cash App user.
- Unauthorized Access
- Your personal information must have been accessed without consent.
- Fraudulent Activity
- You must have experienced fraudulent transactions, unexplained fees, or unresolved account errors.
- Relevant Timeframe
- The issues must have occurred between August 23, 2018, and August 20, 2024.
How to Claim Your Cash App Settlement Payment
Eligible users can file a claim by following these steps:
- Visit the Official Website
- Access the Claim Form
- Find the Claim Submission option from the notification section on the homepage.
- Fill in the Required Details
- Provide accurate account details and information related to the data breach or fraudulent activity.
- Submit Your Claim
- Complete the process by submitting the form.
- Wait for Notification
- Once your claim is reviewed, the authorities will notify you regarding its status and payment eligibility.
Important Dates to Remember
Mark these critical dates if you plan to submit a claim for the Cash App Settlement:
- Claim Submission Deadline: November 18, 2024
- Final Approval Hearing: January 13, 2025
- Payment Date: Payments will be issued after the final court approval in January 2025.
Cash App Settlement Amount
The settlement amount will be distributed based on the extent of losses faced by eligible claimants:
- Maximum Compensation: Up to $2,500 per claimant.
- Calculation: The payout will depend on the severity of unauthorized transactions, fees, or data misuse.
The authorities aim to ensure fair distribution to impacted users who qualify under the settlement terms.
FAQs
1. What is the deadline for filing a claim?
The deadline to submit your claim is November 18, 2024.
2. How much compensation can a person expect?
The maximum compensation is $2,500, depending on the extent of your documented losses.
3. Who is eligible for the settlement payment?
You are eligible if you are a current or former Cash App user who experienced data breaches or fraudulent activities between August 23, 2018, and August 20, 2024.
4. When will the payments be issued?
Payments will be distributed after the final approval hearing scheduled for January 13, 2025.
5. How can I file a claim?
Visit the official website www.cashappsecuritysettlement.com and follow the steps to submit your claim.
