PayPal issued a proposed rule change to fine customers for “misinformation,” which it later said was an error. Now the Consumer Financial Protection Bureau is closely looking at the company. sharon_epperson has the details.
The head of the government's top consumer watchdog agency is looking closely at PayPal after the company issued a proposed rule change to fine customers for "misinformation." CNBC's Sharon Epperson joins 'Squawk Box' to report.
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PayPal warned over speech restrictions by powerful financial regulatorA top financial regulator and liberal ally of Sen. Elizabeth Warren said he was considering investigating PayPal for a policy, now retracted, allowing the company to fine users $2,500 for spreading 'misinformation.'
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