Storing Money in PayPal, Venmo or Cash App Carries Hidden Risks, CFPB Says
A Consumer Financial Protection Bureau issue says PayPal and other popular payment apps often sidestep key government protections for your funds. Mobile payment apps like PayPal, Venmo and Cash App have exploded in popularity in the last several years. Convenience, transaction speed, and flexibility across multiple smartphone types offer consumers an easier way to pay for services and split bills with friends and family. The pandemic further accelerated this ongoing shift toward a cashless futur