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PayPal settles allegations related to its Venmo peer-to-peer transaction service

By Mark Iandolo | Wednesday, May 30, 2018 @ 11:29am

WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) announced May 24 that it approved a settlement with PayPal Inc. that resolves allegations the company’s peer-to-peer payment service, Venmo, misled consumers about how transfers to external bank accounts worked.

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