Storing money in popular cash apps could make funds vulnerable

The Consumer Financial Protection Bureau warned users who keep cash in peer-to-peer payment apps are at risk of losing their money because those funds are not protected by the FDIC.
1:29 | 06/02/23

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Transcript for Storing money in popular cash apps could make funds vulnerable
>>> NOW TO A NEW WARNING ABOUT LAR CASH APPS LIKE NMO A PAY PAL, STORING YOUEY PAY PAL, STORING YOUEY THERE COULD M YOUR CASH THERE COULD M YOUR CASH UNAVAIE. UNAVAIE. >> THIS COULD HELOT OF UNAVAIE. PE THIS COULD HELOT OF UNAVAIE. PEOPHIS COULD HELOT OF UNAVAIE. PEOPLES COULD HELOT OF UNAVAIE. PEOPLE. COULD HELOT OF PEOPLE. COULD HELOT OF ACCOG TOPEW RESE, MORE PEOPLE. COULD HELOT OF THCOG TOPEW RESE, MORE PEOPLE. COULD HELOT OF THANG TOPEW RESE, MORE PEOPLE. COULD HELOT OF THAN 4TOPEW RESE, MORE PEOPLE. COULD HELOT OF THAN 4 OPEW RESE, MORE PEOPLE. COULD HELOT OF THAN 4 OF W RESE, MORE PEOPLE. COULD HELOT OF THAN 4 OF ALRESE, MORE PEOPLE. COULD HELOT OF THAN 4 OF ALL SE, MORE PEOPLE. COULD HELOT OF THAN 4 OF ALL AD, MORE PEOPLE. COULD HELOT OF THAN 4 OF ALL ADU MORE PEOPLE. COULD HELOT OF THAN 4 OF ALL ADU HARE PEOPLE. COULD HELOT OF THAN 4 OF ALL ADU HAVE USED THAN 4 OF ALL ADU HAVE USED A PAYMENT A PAYMENT TH MORNISUMER FINAN PROTECTIONEA A PAYMENT TH MORNISUMER FINAN PROTECTIONE A PAYMENT TH MORNISUMER FINAN PROTECTIONES A PAYMENT TH MORNISUMER FINAN PROTECTIONEI A PAYMENT TH MORNISUMER FINAN PROTECTIONES A PAYMENT TH MORNISUMER FINAN PROTECTIONEI A PAYMENT TH MORNISUMER FINAN PROTECTIONEG A PAYMENT TH MORNISUMER FINAN PROTECTIONEA A PAYMENT TH MORNISUMER FINAN PROTECTIONE A PAYMENT NE MORNISUMER FINAN PROTECTIONE A PAYMENT NEW ORNISUMER FINAN PROTECTIONE A PAYMENT NEW WANISUMER FINAN PROTECTIONE A PAYMENT NEW WARNSUMER FINAN PROTECTIONE A PAYMENT NEW WARNI MER FINAN PROTECTIONE A PAYMENT NEW WARNI T R FINAN PROTECTIONE A PAYMENT NEW WARNI T PEFINAN PROTECTIONE A PAYMENT NEW WARNI T PEOPNAN PROTECTIONE A PAYMENT NEW WARNI T PEOPLEN PROTECTIONE A PAYMENT NEW WARNI T PEOPLE WPROTECTIONE A PAYMENT NEW WARNI T PEOPLE WEEOTECTIONE A PAYMENT NEW WARNI T PEOPLE WEEPTECTIONE NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYMEN NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYME NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYMEP NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYMES NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYMEV NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYMEN NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYMEO NEW WARNI T PEOPLE WEEPTECTIONE EIR QN THOSE PEER TO PEER PAYME EIR QN THOSE PEER TO PEER PAYME APD ZELLE, ARE AT RISK OF APD ZELLE, ARE AT RISK OF NG THEIR MONEY I A CRISIS APD ZELLE, ARE AT RISK OF BE THEIR MONEY I A CRISIS APD ZELLE, ARE AT RISK OF BECAHEIR MONEY I A CRISIS APD ZELLE, ARE AT RISK OF BECAUSIR MONEY I A CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY MONEY I A CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY AONEY I A CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY AREEY I A CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY ARE N I A CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY ARE NOT A CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY ARE NOT P CRISIS APD ZELLE, ARE AT RISK OF BECAUSEY ARE NOT PRORISIS APD ZELLE, ARE AT RISK OF BECAUSEY ARE NOT PROEDSIS APD ZELLE, ARE AT RISK OF BECAUSEY ARE NOT PROED IS BECAUSEY ARE NOT PROED IS BY FEDERDEPO SITINSURANCE. BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINYO BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINY BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINYE BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINYO BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINYI BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINY BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINYA BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINYC BY FEDERDEPO SITINSURANCE. THERE HAS BEEN ENHANCE SCRUTINY THERE HAS BEEN ENHANCE SCRUTINY AFTHREE REGIONAL BANKS AFTHREE REGIONAL BANKS COLLAP IN THET T COLLAP IN THET T MO. MO. YPICAL BAN IS INSUREDOR UP TO$20 MO. YPICAL BAN IS INSUREDOR UP TO$2 MO. YPICAL BAN IS INSUREDOR UP TO$2U MO. YPICAL BAN IS INSUREDOR UP TO$2 MO. YPICAL BAN IS INSUREDOR UP TO$2A MO. YPICAL BAN IS INSUREDOR UP TO$2M MO. YPICAL BAN IS INSUREDOR UP TO$2N MO. YPICAL BAN IS INSUREDOR UP TO$2 MO. YPICAL BAN IS INSUREDOR UP TO$2E MO. YPICAL BAN IS INSUREDOR UP TO$2V MO. YPICAL BAN IS INSUREDOR UP TO$2C MO. YPICAL BAN IS INSUREDOR UP TO$2 MO. YPICAL BAN IS INSUREDOR UP TO$2U MO. YPICAL BAN IS INSUREDOR UP TO$2D MO. YPICAL BAN IS INSUREDOR UP TO$2N MO. YPICAL BAN IS INSUREDOR UP TO$2Y MO. YPICAL BAN IS INSUREDOR UP TO$2G MO. YPICAL BAN IS INSUREDOR UP TO$2E MO. YPICAL BAN IS INSUREDOR UP TO$2 MO. YPICAL BAN IS INSUREDOR UP TO$2U MO. YPICAL BAN IS INSUREDOR UP TO$2F MO. YPICAL BAN IS INSUREDOR UP TO$2 YPICAL BAN IS INSUREDOR UP TO$2 NESS, ANY FUNDS TOULD JUST VANIS YPICAL BAN IS INSUREDOR UP TO$2 NESS, ANY FUNDS TOULD JUST VANIH NESS, ANY FUNDS TOULD JUST VANIH YOUR MOULD BE NE. YOUR MOULD BE NE. SO PNT A OFF PASS SO PNT A OFF PASS ROUGHURANCE THROUGH A BANKOR CRE SO PNT A OFF PASS ROUGHURANCE THROUGH A BANKOR CRI SO PNT A OFF PASS ROUGHURANCE THROUGH A BANKOR CR SO PNT A OFF PASS ROUGHURANCE THROUGH A BANKOR CRO SO PNT A OFF PASS ROUGHURANCE THROUGH A BANKOR CR. SO PNT A OFF PASS WHUGHURANCE THROUGH A BANKOR CR. SO PNT A OFF PASS WHILHURANCE THROUGH A BANKOR CR. SO PNT A OFF PASS WHILE RANCE THROUGH A BANKOR CR. SO PNT A OFF PASS WHILE THNCE THROUGH A BANKOR CR. SO PNT A OFF PASS WHILE THATE THROUGH A BANKOR CR. SO PNT A OFF PASS WHILE THAT OTHROUGH A BANKOR CR. SO PNT A OFF PASS WHILE THAT OFFROUGH A BANKOR CR. SO PNT A OFF PASS WHILE THAT OFFERUGH A BANKOR CR. SO PNT A OFF PASS WHILE THAT OFFERSRH A BANKOR CR. SO PNT A OFF PASS WHILE THAT OFFERSROTA BANKOR CR. SO PNT A OFF PASS WHILE THAT OFFERSROTECBANKOR CR. SO PNT A OFF PASS WHILE THAT OFFERSROTECTINKOR CR. SO PNT A OFF PASS WHILE THAT OFFERSROTECTIONOR CR. SO PNT A OFF PASS WHILE THAT OFFERSROTECTION I CR. SO PNT A OFF PASS WHILE THAT OFFERSROTECTION IF R. WHILE THAT OFFERSROTECTION IF R. ADERFAILS,TS NOT ADERFAILS,TS NOT INSURE CUSTOME IF THE APP INSURE CUSTOME IF THE APP FAILS. FAILS. CUSTOMER AREISED TO CUSTOMER AREISED TO TRANSFER ANYDS ON A PNT CUSTOMER AREISED TO APANSFER ANYDS ON A PNT CUSTOMER AREISED TO APP SFER ANYDS ON A PNT CUSTOMER AREISED TO APP TOER ANYDS ON A PNT CUSTOMER AREISED TO APP TO A ANYDS ON A PNT CUSTOMER AREISED TO APP TO A INYDS ON A PNT CUSTOMER AREISED TO APP TO A IEDDS ON A PNT CUSTOMER AREISED TO APP TO A IED B ON A PNT CUSTOMER AREISED TO APP TO A IED BANN A PNT CUSTOMER AREISED TO APP TO A IED BANKRA PNT CUSTOMER AREISED TO APP TO A IED BANKR CPNT CUSTOMER AREISED TO APP TO A IED BANKR CRET APP TO A IED BANKR CRET UNIO UNIO YEAR CONSUMERSDUCTED YEAR CONSUMERSDUCTED ST $1 TRILLI $893LION ST $1 TRILLI $893LION BUSS ON THESE PS.GUYS, INOW USE ST $1 TRILLI $893LION BUSS ON THESE PS.GUYS, INOW USO ST $1 TRILLI $893LION BUSS ON THESE PS.GUYS, INOW UST ST $1 TRILLI $893LION BUSS ON THESE PS.GUYS, INOW USE ST $1 TRILLI $893LION BUSS ON THESE PS.GUYS, INOW US BUSS ON THESE PS.GUYS, INOW US WEEK WEEK I N EVEN THOUGHTF THIS I N EVEN THOUGHTF THIS >> MENEITHE >> MENEITHE >> M EI

This transcript has been automatically generated and may not be 100% accurate.

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