PayPal Enters Consent Decree with FTC over Venmo Breaches
Venmo, a peer-to-peer mobile payment app acquired by PayPal, reached a consent decree over deceptive practices and privacy and data security issues. Funds Availability Policy The FTC charged that Venmo falsely represented that once a user credited their account the money could be freely transferred to your bank account. In reality, despite many complaints, Venmo…