Cash App Settlement Class Action Lawsuit: Full Timeline, Payouts, and Latest Updates (2025)

The Cash App Settlement Class Action Lawsuit has been one of the most talked-about legal and consumer protection issues in recent years. With millions of Cash App users impacted, regulatory fines, and multiple settlements, many people are still asking: What happened, who qualifies, and what’s the current status in 2025?

This article provides a detailed timeline, explains what the Cash App class action settlement covered, how it differs from regulatory penalties, and updates on separate lawsuits involving Cash App.

What Sparked the Cash App Class Action Lawsuit?

The roots of the Cash App settlement trace back to a security incident on December 10, 2021. A former employee of Cash App Investing (a Block, Inc. subsidiary) accessed and downloaded customer reports after leaving the company. On April 4, 2022, Block disclosed the incident publicly through an SEC Form 8-K and notified law enforcement and regulators.

How many were affected? Around 8.2 million current and former Cash App Investing customers were notified about the data breach.
What data was exposed? While Social Security numbers and passwords were not compromised, reports contained names, brokerage account numbers, and in some cases, portfolio values and trading activity from a single day.

This disclosure triggered lawsuits and raised major concerns about Cash App’s data security and consumer protection policies.

The Class Action Lawsuits Begin (2022–2023)

Following the SEC disclosure and media coverage, multiple lawsuits were filed against Block/Cash App. The lawsuits alleged:

Negligence in protecting sensitive financial data.
Failure to prevent unauthorized account access.
Deficiencies in handling error resolution when customers reported fraudulent transactions.

These lawsuits were consolidated in federal court under the case Salinas, et al. v. Block, Inc. and Cash App Investing, LLC (No. 22-cv-04823).

The $15 Million Cash App Settlement (2024)

In 2024, Cash App agreed to a $15 million class action settlement to resolve claims related to both the data breach and issues involving unauthorized transactions.

Who Was Included in the Settlement?

The settlement covered two main groups of people:

Data breach victims: Anyone who received a notice that their information was impacted in the April 2022 or 2023 disclosures.
Unauthorized transaction victims: Users who experienced unauthorized Cash App activity or error-resolution deficiencies between August 23, 2018 and August 20, 2024.

What Compensation Was Available?

Out-of-pocket reimbursement (up to $2,500): Users could submit documentation for fraud-related expenses, bank fees, or credit monitoring costs.
Lost time reimbursement (up to $75): For time spent dealing with unauthorized activity, with attestation required.
Other relief: Settlement administration and monitoring services.

Settlement Deadlines

Claim filing deadline: November 18, 2024 (now closed).
Exclusion/objection deadline: Fall 2024.
Final approval hearing: March 27, 2025.

Final Court Approval (March 2025)

On March 27, 2025, the federal court granted final approval to the $15 million settlement.

This means:

Claims that were submitted on time are now being reviewed and paid out.
If you did not file a claim by Nov. 18, 2024, you are no longer eligible for compensation under this settlement.
If you opted out, you preserved your right to sue Cash App separately but forfeited the settlement payout.

The official settlement website has confirmed that claims are no longer being accepted and the administrator is in the process of distributing payments.

Key Timeline of the Cash App Class Action Settlement

Dec. 10, 2021: Former employee accesses Cash App Investing reports after employment ended.
Apr. 4, 2022: Block files SEC 8-K, confirming 8.2 million impacted customers.
2022–2023: Multiple lawsuits filed and consolidated.
2024: Settlement proposed; claim portal opens.
Nov. 18, 2024: Claim filing deadline.
Jan. 15–16, 2025: Separate state and federal regulatory fines announced.
Mar. 27, 2025: Court grants final approval of $15M class action settlement.
July 29, 2025: Preliminary approval of a separate $12.5M text-message settlement.

How the Settlement Differs from CFPB and State Penalties (2025)

It’s important to separate the class action settlement from regulatory enforcement actions, which happened around the same time.

CFPB Action – January 16, 2025

The Consumer Financial Protection Bureau (CFPB) ordered Block/Cash App to:

Provide up to $120 million in refunds to users.
Pay a $55 million civil penalty.
Improve security controls and error-resolution practices.

State Regulators – January 15, 2025

The Conference of State Bank Supervisors (CSBS) coordinated with 48 state money-transmission regulators, imposing:

$80 million in penalties.
Stricter anti-money laundering (AML) and compliance requirements.

👉 These regulatory penalties are separate from the $15 million class settlement. If you are eligible for CFPB-ordered refunds, you may receive them directly from Cash App.

A Separate Lawsuit: Cash App Text Message Settlement (2025)

Beyond the data breach and unauthorized transaction issues, Cash App also faced a lawsuit about its “invite friends” program, which allegedly led to unsolicited text messages.

Settlement amount: $12.5 million.
Preliminary approval granted: July 29, 2025.
Final approval hearing: December 2, 2025.
Estimated payouts: Between $88 and $147 per claimant, depending on the number of claims filed.

This lawsuit is entirely separate from the $15 million data security settlement.

What Cash App Users Need to Know

✅ The $15M settlement is final. Claims closed on Nov. 18, 2024. If you filed, expect payment after March 2025.
✅ Regulatory refunds may apply. If you had unauthorized withdrawals or fraud-related losses, you may also qualify for CFPB-ordered refunds.
✅ Text message case is still pending. If you received unwanted Cash App promotional texts, you may qualify for the $12.5M settlement (claims period will open later in 2025).
❌ No new claims can be made under the original $15M class settlement. Be cautious of scams or websites claiming to reopen claims.

Why This Case Matters

The Cash App settlement is a landmark reminder of how consumer financial apps must handle security and error resolution. With over 50 million monthly active users, Cash App has become a cornerstone of peer-to-peer payments in the U.S., but its rapid growth has also drawn scrutiny over:

Data security vulnerabilities.
Unauthorized transaction protections.
Compliance with federal and state financial laws.

This case sets a precedent for fintech accountability in handling consumer funds and sensitive information.

Final Thoughts

The Cash App Settlement Class Action Lawsuit has officially concluded with a $15 million payout, final approval on March 27, 2025, and claims now closed. However, Cash App continues to face regulatory oversight and separate lawsuits, including the ongoing text-message settlement.

If you were a Cash App user impacted by the 2021–2023 security issues or unauthorized account events and filed a claim on time, you should be receiving updates from the settlement administrator. Meanwhile, regulatory refunds and the separate text-message case could still affect many Cash App users in 2025.