The FTC is investigating Venmo over 'deceptive or unfair practices'

The Verge
By Chris WelchApr 28, 2016, 6:48 pm131 pts
Venmo, the hugely popular peer-to-peer payments service owned by PayPal, is under investigation by the Federal Trade Commission. Its parent company acknowledged the situation today in an SEC filing. "On March 28th, 2016, we received a Civil Investigative Demand (CID) from the Federal Trade Commission as part of…

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