Your email has been successfully added to our mailing list.

×
-0.000155799641660904 -0.000311599283321586 0.000623198566643394 0.000856898029134639 0.000311599283321586 0.00101269767079532 -0.00132429695411691 -0.00366129157902936
Stock impact report

The Money You Keep in Payment Apps Could Be at Risk, CFPB Says [CNET News]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: CNET News
If you're storing your cash in a digital payment app like Venmo, PayPal or Cash App, you may want to move that money elsewhere. That's according to a report from the Consumer Financial Protection Bureau issued on Thursday that highlights the financial dangers these apps pose to consumers because of a lack of federal deposit insurance. The CFPB pointed to several major financial institutions, including Silicon Valley Bank, Signature Bank and First Republic Bank, that experienced a bank run earlier this year that jeopardized the money of individuals and businesses. Since the money that's stored on payment apps might not be held in accounts with federal deposit insurance (coverage that protects your money in the event of a bank failure), the over 75% of US adults who use these apps could lose the funds they keep there during financial distress, the CFPB explained in a press release. In 2022 alone, transaction volume across all digital payment app service providers was around $893 Show less Read more
Impact Snapshot
Event Time:
PYPL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for PYPL alerts
Opt-in for
PYPL alerts

from News Quantified
Opt-in for
PYPL alerts

from News Quantified