FTC ready to settle with PayPal over Venmo’s failure to disclose information to consumers about funds transfers and privacy settings
On February 27, 2018, the Federal Trade Commission (FTC) announced that it reached a settlement with PayPal, Inc. over allegations that the company failed to make adequate disclosures regarding its Venmo peer-to-peer payment service. According to the FTC’s complaint, Venmo misled consumers about the extent to which they could control the privacy of their transactions. By […]