ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, digital payments edition. |
Cash App users could get some cash sent to their bank accounts soon in compensation for a data breach, Ahjané Forbes reports. |
In a settlement, the mobile payment service has been ordered to pay $15 million in damages. According to a class-action lawsuit, plaintiffs sued Cash App Investing and Block Inc. for the companies' "failure to exercise reasonable care in securing and safeguarding consumer information." |
Meanwhile, the Consumer Financial Protection Bureau is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle Network, the Wall Street Journal reported. |
The probe focuses on JPMorgan, Bank of America and Wells Fargo, among other large banks. JPMorgan last week had disclosed in a filing that it was responding to regulators regarding Zelle and was considering whether to sue a U.S. consumer watchdog over the agency's inquiries. |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
What would you and your spouse do with $351,000 when you retire? |
That may sound like a nice nest egg, but you may need every penny just to cover health care costs in retirement, including Medicare premiums and drugs after insurance pays its part, Medora Lee reports. |
Americans already lack retirement savings. A New York Life survey of 2,202 adults last month showed only 4 in 10 have a nest egg, even though 74% expect to retire at 64. That shortfall means many retirees may find their golden years tarnished by financial stress. |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Cash App users could get some cash sent to their bank accounts soon. Users can claim up to $2,500 if their account was affected. | | | |  | The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report. | | | | A recent survey of 2,202 adults last month showed only 4 in 10 have a nest egg, even though 74% expect to retire at 64. | | | | At first, Costco was only testing scanners at some locations. Now, the members-only retailer plans to have scanners at all of its stores. | | | | The Harris-Walz-branded camo hat is taking the internet by storm. But can this upstart headpiece topple the king of campaign merch Donald Trump? | | | | A potential remedy for Google to avoid antitrust actions could involve terminating a lucrative $20-billion-a-year deal with Apple. | | | | The stock market partially rebounded but its three-day tumble raises worries that the drop in equity prices could set off a cycle leading to recession | | | | This is what a broken company looks like. | | | | The monthly prices for Disney+, ESPN+ and Hulu are increasing Oct. 17. If you bundle one or more streaming service, you will likely pay more, too. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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