CFPB Investigating Venmo’s Funds Transfer And Debt Collection Policies
Collection Industry News
FEBRUARY 15, 2021
In a recently filed Form 10-K , PayPal Holdings, Inc. PayPal) announced that it received a Civil Investigative Demand (CID) from the Consumer Financial Protection Bureau (CFPB) on January 21 “related to Venmo’s unauthorized funds transfers and collections processes, and related matters.”
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