CFPB tightens rules for buy now, pay later lenders
The Consumer Financial Protection Bureau says "buy now, pay later" lenders are credit card providers and is applying additional regulations for the lenders to follow.
Manhattan DA Alvin Bragg calls for cash apps to crack down on fraudsters
Manhattan District Attorney Alvin Bragg calls for leading digital payment apps, including Venmo, Zelle and Cash App, to strengthen user's security safeguards amid an uptick in crime.
Elon Musk was dethroned by Peter Thiel in a coup led by the ‘PayPal Mafia’
Elon Musk biographer Walter Isaacson's new book about the billionaire details his ouster as PayPal CEO by a group known as the "PayPal Mafia" who replaced him with Peter Thiel.
RFK Jr. targets 'financial censorship of political enemies'
Democratic presidential candidate Robert F. Kennedy Jr. promised to protect Americans from "financial censorship" by companies colluding with the government.
Montana Sen. Steve Daines blasts PayPal for 'Orwellian' misinformation policy sent out 'in error'
Montana Sen. Steve Daines said the walked-back PayPal policy that threatened to fine users $2,500 for spreading misinformation is "Orwellian."
PayPal user agreement fining users up to $2,500 for promoting 'misinformation' was sent 'in error,' spox says
PayPal is walking back a recently updated Acceptable Use Policy that threatened to fine users up to $2,500 for using the service to “promote misinformation."
Gays Against Groomers says Venmo, PayPal shut down accounts for 'violating' user agreements
PayPal, Venmo have suspended the accounts of Gays Against Groomers, an organization that opposes the "indoctrination, sexualizing and medicalizing" children.
Texas man gets 5 years in prison for massive PayPal credentials scam
An Austin man was sentenced to five years in prison on Thursday for buying credentials for 38,000 compromised PayPal accounts then using those credentials to steal money from the accounts' owners, the Department of Justice announced.
Peter Thiel: Bitcoin will 'never be' controlled by government, unlike 'woke companies'
PayPal co-founder Peter Thiel said Thursday that Bitcoin will “never be” controlled by the government, unlike “woke companies.”
PayPal shuts down its services in Russia, citing Ukraine aggression
PayPal joins a growing list of companies shutting down business in Russia in response to Ukraine invasion.