The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps (Chris Isidore/CNN)

Chris Isidore / CNN:
The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps  —  New York CNN —  —  Payment apps like PayPal and Venmo might be convenient, but they're not banks — and a federal financial services watchdog …