Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns
Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday.
When the winter storm hit, Texans raised millions of dollars — for each other
People experiencing homelessness in Dallas receive a hot meal from volunteers with Harvest Project Food Rescue in the aftermath of last week's winter storm. As a result, millions of dollars have been raised by fellow Texans and people across the country who wanted to help. For example, Austin Mutual Aid, launched in March to assist Texans experiencing homelessness during the COVID-19 pandemic, has raised hundreds of thousands of dollars within the past week on GoFundMe alone. The team has helped 17,000 Houston residents following the winter storm, according to their Twitter account. An inch of ice, however, we got to sit there and think for a second.”The Mutual Aid Houston collective also gained a new temporary focus after the winter storm hit.
KSAT Community Wishlist Wednesday raises more than 24k for Children’s Shelter
SAN ANTONIO – On, April 8, the KSAT Community Wishlist hosted an all-day fundraiser campaign for The Children’s Shelter in San Antonio. The Children’s Shelter is San Antonio’s leader in child abuse, neglect prevention and trauma-informed care. The Children’s Shelter had $3,400 donated through Venmo, and since airing and promoting the KSAT Wishlist Wednesday, the shelter’s website generated $24,560! “Thank you to KSAT 12 News, their viewers, RBFCU, Energy Transfer, and University Health System for supporting a 24-hour campaign that has generated community support beyond the Amazon Wishlist, Children’s Shelter donation page, and our Venmo page. KSAT Community operates in partnership with University Health System, Energy Transfer and Randolph-Brooks Federal Credit Union.