Cash App Settlement: $12.5 Million for Spam Text Claims

Here’s a breakdown of the data provided, focusing on the Cash App spam texts class action settlement:

The Cash App Spam Texts Class Action Settlement

What it is: A settlement where Cash app’s parent company, Block Inc.,will pay $12.5 million to resolve allegations of sending unsolicited text messages through its referral program to consumers in Washington state.
Who filed the lawsuit: Kimberly Bottoms.
Why the lawsuit was filed: Allegations that Block violated the Washington Consumer Electronic Mail Act and the Washington Consumer Protection Act by sending unsolicited spam text messages. who is eligible: Consumers who received an unsolicited Cash app referral text message while residing in Washington state between November 14, 2019, and a date to be determined by the settlement administrator.
Expected payout per claimant: Between $88 and $147, depending on the number of valid claims submitted. This is a pro-rata share of the $12.5 million fund.
How to file a claim: The settlement website is not yet live. Interested individuals should subscribe to newsletters for updates on when the claim process begins.
payment distribution: Payments will be made via check or electronic transfer (e.g., Venmo, PayPal).
notification of eligibility: Eligible class members will be notified by email and postcard.An online publication notice will also target those who cannot be reached through other means.
claim deadline: Will be announced once the settlement website is live.
“Pro rata payment” explained: The settlement amount is divided fairly among all eligible class members. The more claims filed, the lower the individual payout.
Reason for settlement: Block Inc. denies wrongdoing but settled to avoid further litigation and compensate affected consumers.

January 2024: Ordered by the Consumer Financial Protection Bureau (CFPB) to pay $175 million for inadequate customer service and fraud protection.
2023: Agreed to a $15 million settlement to resolve a data breach issue.

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