Current and former Cash App users could be eligible for a hefty piece of a proposed class-action settlement from the popular online payment service. Earlier this year, Cash App Investing and its parent company Block Inc. agreed to pay $15 million to settle a lawsuit . The suit alleged a “failure to exercise reasonable care” in protecting user information leading up to and after recent data breaches. The class-action complaint cited two incidents where access to some account data was compromised. It said this resulted in numerous unauthorized charges impacting Cash App customers. Now, those consumers can submit a claim for a settlement payment — which could include reimbursement of up to $2,500 in out-of-pocket losses — ahead of final approval.
