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PayPal says app Venmo being investigated by U.S. consumer watchdog

PayPal says app Venmo being investigated by U.S. consumer watchdog

· 02/05/2021 06:40
PayPal says app Venmo being investigated by U.S. consumer watchdog

- PayPal Holdings Inc PYPL.O said on Friday it received a civil investigative demand from the U.S. Consumer Financial Protection Bureau related to its app Venmo's alleged unauthorized fund transfers and collections processes.


(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)

((Niket.Nishant@thomsonreuters.com;))