The CFPB is looking into Venmo by requesting documents from PayPal

The CFPB is looking into Venmo by requesting documents from PayPal

The U.S. Consumer Financial Protection Bureau (CFPB) is looking into unauthorized fund transfers on social payments platform Venmo, according to documents filed with the Securities and Exchange Commission (SEC). The CFPB issued a documents request to Venmo’s parent company PayPal on Jan. 21. PayPal disclosed the request in its most recent 10-K filing with the …

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