Saturday, June 3, 2023

Why You Should Worry About Using Payment Apps

Shocked woman looking at her phone
carballo / Shutterstock.com

A brief run of bank failures recently spooked many savers. But it is your digital payment app that should really make you worry, according to the federal government. Billions of dollars currently stored on well-known payment apps like Venmo, PayPal and Cash App may not be federally insured, according to a recent notice from the Consumer Financial Protection Bureau (CFPB). That stands in sharp...



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