State announces $1.75M injunctive relief settlement with PayPal concerning unfair and deceptive practices

read more…: State announces $1.75M injunctive relief settlement with PayPal concerning unfair and deceptive practices

Attorney General John M. Formella announced Monday that his office has negotiated a settlement with PayPal, Inc. and PayPal Holdings, Inc. (collectively PayPal) that includes injunctive relief requiring PayPal to make significant changes to its popular e-payment platforms, PayPal and Venmo, both of which are owned by PayPal, Inc., as well as a monetary payment of $1.75 million.

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