Free money from Zelle or Cash App—just for filling out a government form? That’s what some TikTok videos claim. But Consumer Reports has a warning: it’s not a windfall—it’s simply not true.

New York’s attorney general has sued the parent company of the Zelle payment platform, months after the federal Consumer Financial Protection Bureau abandoned a similar case under the Trump administration.

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America.

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

Apps like Venmo, CashApp, or Zelle make it easy to send money fast to friends or family. But what happens when it’s a scammer on the other end?

An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to complain.

While payment apps like Zelle, Venmo, and Cash App make sending money to your friends or for purchases very easy and convenient, Pew Research Center states that about one in 10 people fall victim to payment app scams or hacking.

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.

Consumer Reports warns you have to take one very important step to protect yourself in case something goes wrong – like getting scammed.

JEA on Tuesday warned that the utility has seen an increase in reports of scammers targeting its customers.

Peer-to-peer payment apps like Venmo and Zelle make paying for things a breeze. Peer-to-peer payment apps aren’t banks or credit cards, so when you pay someone directly using one, there is no way to recover the money, a problem Consumer Reports says happens way too often. In an AARP survey of Americans 18 and older, more than half of respondents incorrectly thought they could reclaim money sent in error when using peer-to-peer payment apps. Treat it like cash, and beware of ‘too good to be true’ situations.”AdUntil laws are changed, consumers are going to have to be really careful when they use peer-to-peer payment apps. Look instead for a payment app specifically created for business users, like Square Cash for Business or PayPal.