U.S. senators put PayPal and Block on notice Thursday that they’re not satisfied with the companies’ responses to inquiries regarding how the companies reimburse customers involved in scams on their Venmo and Cash App payments apps, respectively.
In a letter to the CEOs of PayPal and Cash App, Sens. Elizabeth Warren of Massachusetts, Sherrod Brown of Ohio and Jack Reed of Rhode Island took the executives to task for inadequate responses to an earlier letter on the same topic, and urged them to follow another company’s lead in reimbursing victims of scams perpetrated using their tools.
