I've signed up for a few bank accounts purely online. And if you give them your SSN and enough other information, they're able to pull all your credit reports, in real time, and then do verification based on them, that tends to be quite effective.

If Cash App had run some sort of bank-level verification, I doubt a garden-variety scammer could've "stolen her identity" like this. But, since Cash App is not a bank... they don't need all those pesky safeguards, do they?

The problem is, if you have a SSN and enough other information, you can pull a credit report and answer all the rest of the questions for opening an account.

All of the associated information tied to your SSN has also been leaked multiple times. Just having it should not be considered any kind of "proof" of identity in 2026. This should be an easy argument for "reasonable doubt" by any defense attorney.

Cash App is owned by Block, and Block has an existing banking license (an Industrial Loan Company chartered in Utah in 2021), and has a new license application is progress (a National Trust Bank Charter filed just last month). I happen to know that internally Jack was saying things like "we are a bank", and "we can use this license to do all sorts of banking things."

Clearly this is evidence that they can't be trusted as a bank, and should have those licenses revoked.