US Financial Watchdog: Money Stored in Venmo/PayPal/CashApp Isn't Federally Insured

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By EditorDavidJun 4, 2023, 7:54 pm211 pts
The Associated Press reports: Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the [U.S.] Consumer Financial Protection Bureau warned Thursday... The Federal Deposit Insurance Corporation insures bank…

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