It could be dangerous to keep cash in Venmo, PayPal apps, regulator warns [CBS News]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: CBS News
Some consumers are using services like PayPal, Venmo, Cash App, and Apple Pay for direct deposit of paychecks, or simply storing lots of cash in them. But the Consumer Financial Protection Bureau wants people to know they don't have the same protections as a bank or credit union. CFPB Director Rohit Chopra warned in a Thursday statement that payment services like PayPal, Venmo, Cash App, and Apple Pay "are increasingly used as substitutes for a traditional bank or credit union account but lack the same protections to ensure that funds are safe." More than three-quarters of US adults have used at least one payment app, the agency said. The watchdog released the comments in the wake of high-profile bank failures like Silicon Valley Bank and Signature Bank. Their customers were made whole because account holders at federally insured financial institutions are guaranteed to get back up to $250,000 per account if the bank fails. (In the case of those two banks, the FDIC even abolish
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PYPL
News
- Paypal (PYPL) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- PayPal: Misunderstood Growth Story Spells Opportunity [Seeking Alpha]Seeking Alpha
- 1099-K IRS Tax Delay: What Last Minute Filers Who Use PayPal and Venmo Need to Know [CNET News]CNET News
- Paypal (PYPL) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- 11 Best Crypto To Invest In For Beginners According To Reddit [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 2/7/24 - Beat
PYPL
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- PYPL's page on the SEC website