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HI OCP $6M Settlement with PayPal over Venmo Deceptive Practices

Hawai'i's Office of Consumer Protection announced a $6 million settlement with PayPal, Inc. and PayPal Holdings, Inc. to resolve a lawsuit filed in December 2022 alleging unfair and deceptive acts or practices through PayPal's and Venmo's e-payment platforms. The settlement resolves claims that PayPal deceptively advertised broad Purchase Protection, user privacy, consistent fund access, and protection from scams and fraud. PayPal has denied the claims while agreeing to pay $6 million.