Consumer protection agency investigating Venmo’s collection practices
The Verge
FEBRUARY 6, 2021
First reported by The Wall Street Journal , the filing shows Venmo owner PayPal received a Civil Investigative Demand from the CFPB on January 21st, “related to Venmo’s unauthorized funds transfers and collections processes, and related matters.”. Earlier this week, PayPal reported net income of $1.57
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