With Destruction of the Consumer Financial Protection Bureau, Fraud Victim ‘Not Hopeful’ He’ll Be Refunded
On Jan. 16, the Consumer Financial Protection Bureau (CFPB) ordered the operator of digital payment provider Cash App to pay $175 million for failing to protect consumers from fraud, including $120 million in refunds and a $55 million penalty to the agency’s victims relief fund.
On Jan. 16, the Consumer Financial Protection Bureau (CFPB) ordered the operator of digital payment provider Cash App to pay $175 million for failing to protect consumers from fraud, including $120 million in refunds and a $55 million penalty to the agency’s victims relief fund.
Four days later, Donald Trump was inaugurated as the nation’s 47th president. Within a week and a half, the new administration fired CFPB director Rohit Chopra, shuttered the agency’s headquarters and sent employees home…
Meanwhile, Cash App’s victims have been left hanging, still waiting for their money.
Among them is Terry Ouverson, a 73-year-old retiree living with his wife in Spotsylvania, Virginia.
They were the victims of fraudsters who scammed them out of $45,000 on Cash App and PayPal last year…
But he’s not optimistic about getting the money owed him by CashApp, though he filed a complaint with the Consumer Financial Protection Bureau in October 2024.
“I am not the least bit hopeful that Cash App will actually come through on this,” he told Capital & Main, explaining that the company ignored his repeated complaints until the agency got involved.
-
The SlickApril 20, 2026As Prices Climb, California Imports More Gasoline Made From Russian Oil
-
Latest NewsApril 21, 2026Federal Job Cuts Hit Black Women Hard — A Year Later, Unemployment Is Up
-
The SlickApril 22, 2026Texas’ Gulf Coast Has a Health Problem: Benzene Emissions Are Among the Highest in the Nation
-
Latest NewsApril 28, 2026A May Day Push to ‘Shut It Down’ Takes Shape Across the Country
-
Latest NewsApril 24, 2026A Grieving Afghan Man Says He Tried to Get Medical Care for His Brother Who Died in ICE Custody
-
The SlickApril 29, 2026With Promises of Money, Controversial Gas Pipeline on Navajo Nation Passes First Hurdle
-
Latest NewsApril 27, 2026As the U.S. Spends Billions Fighting Iran, War-Driven Inflation Hits Working Families Hard
-
Column - State of InequalityApril 23, 2026An Historic Strike in Southeast L.A. County Highlights Pressures Facing California Schools