If you use Cash App and are now wondering if you need to take action in getting a possible refund, there’s actually further good news: In most cases, after a company pays its finds to the CFPB, the refunds are automatically distributed to all impacted parties, either through the CFPB or a payment administrator.

Millions of people use Cash App to send or receive money every day, but the popular peer-to-peer payment service is now preparing to pay millions of dollars of its own to customers who fell victim

Cash App will have to pay up to $120 million to customers who lost money to scammers and fraud on the money-sharing app.

Block, based in Oakland, was ordered Thursday to pay out at least $75 million to customers who had bad service experiences with Cash App.

In a significant move by the Consumer Financial Protection Bureau (CFPB), Cash App has been mandated to refund $120 million to its users. This decision comes after the platform's failure to adequately address fraudulent transactions and customer service deficiencies.