Why a federal government agency is warning people not to keep a lot of money sitting in Venmo, PayPal, or Cash App

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Why a federal government agency is warning people not to keep a lot of money sitting in Venmo, PayPal, or Cash App

The Consumer Financial Protection Bureau found that payment apps like Venmo, PayPal, and Cash App saw transactions of about $893 billion last year.

https://www.businessinsider.com/cfpb-finance-venmo-paypal-cash-app-zelle-money-payment-apps-2023-6

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