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Don't keep your money in Venmo, PayPal, and other payment apps, CFPB warns

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finance.yahoo.com/news/dont-keep-your-money-in-venmo-paypal-and-other-payment-apps-cfpb-warns-133044700.html

The Consumer Financial Protection Bureau is warning Americans against keeping their money in a payment app.
Funds held in popular apps like Venmo, PayPal, and CashApp are more susceptible to financial uncertainty because their accounts may not provide federal deposit insurance through the Federal Deposit Insurance Corporation or the National Credit Union Administration,…

This story from finance.yahoo.com was posted on 2023-06-03 by @geovent.

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