Are you a Cash App user? You may be eligible for a piece of this $15 million settlement

NEW YORK (AP) – Current and former Cash App users could be eligible for a hefty piece of a proposed class-action settlement from the popular online payment service.

Earlier this year, Cash App Investing and its parent company Block Inc. agreed to pay $15 million to settle a lawsuit.

The suit alleged a “failure to exercise reasonable care” in protecting user information leading up to and after recent data breaches.

The class-action complaint cited two incidents where access to some account data was compromised.

It said this resulted in numerous unauthorized charges impacting Cash App customers.

Now, those consumers can submit a claim for a settlement payment – which could include reimbursement of up to $2,500 in out-of-pocket losses – ahead of final approval.

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