Spam messages feel a lot like digital pollution. They are everywhere and we are all trapped in dealing with them, but have you ever thought you might be paid for them? Well, for some cash application customers, this is exactly what happened due to the new class action solution.
Last month, Block, the parent of the popular digital payment platform cash app, agreed to settle a class action lawsuit, accusing it of spam text messages that violated certain consumer protection laws, which reached $12.5 million despite not admitting any wrongdoing. At present, many of the key details related to this settlement are not clear, but there is enough information to help potential claimants get started.
Originally launched in 2013 with square cash, Cash App has grown over the past decade to become a major player in currency transfers, competing directly with people like Venmo and known for its popularity among those with lower incomes. As of 2024, it has about 57 million monthly active users and total revenue of $16.2 billion – a 13.2% increase from 2023, everything is better and can help pay for various settlements – with a focus on various settlements.
Indeed, this is far from the only settlement agreed to by cash apps in recent years. Last year, it paid $15 million to resolve the class action lawsuit after an employee of the company's investment team allegedly had unauthorized access to user data. The Consumer Financial Protection Agency was also forced to pay a total of $175 million in refunds and fines due to security measures suffered by vulnerable fraud.
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For all the details you need to know about this latest cash app settlement and continue reading, and to learn more about the settlement news, learn everything about TracFone’s extensive solutions.
Why are the cash app sued?
Plaintiff Kimberly Bottoms filed a class action lawsuit against Block in November 2023. A Washington state resident, who claims the company has sent unsolicited spam messages to customers of cash apps for violating two state consumer protection laws: the Washington Consumer Email Act and the Washington Consumer Protection Act. The lawsuit says it was done through the cash app’s “Invite Friends” recommendation program.
Block has agreed to resolve the matter, and the bottom will submit the motion to the Washington State federal court system for approval at the end of June.
Who is eligible for cash app settlement?
Given the nature of the allegations in the class action lawsuit, this settlement applies only to Washington State residents protected by two legal cash applications for alleged violations. Potential claimants also need to receive one of these spam messages from the company to be eligible. The settlement period begins on November 14, 2019, and the end date will be decided soon.
Based on available phone numbers, the settlement class is estimated to be approximately 2 million people. Block is expected to send emails and physical mail in the near future to remind people who may be eligible for class members, so if it all sounds like you are eligible, keep your eyes peeled.
At present, there is no option to enter a settlement, but we will launch your release with new details.
How long does it take for me to join the cash application solution?
There is no deadline for joining the settlement yet, but you should expect people to be in place at the end. The terms of the solution are that potential class members need to submit their claims in a timely manner, which indicates that there will be a deadline.
How much can I get from the cash app?
Given the $12.5 million settlement estimates that Block agreed to, you can expect payments ranging from $88 to $147, depending on whom you choose.
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