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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.

Norfolk County Retirement System v. PayPal Holdings, Inc. - Securities Class Action

Norfolk County Retirement System filed a securities class action against PayPal Holdings, Inc. and individual officers James Alexander Chriss, Frank Keller, Jamie S. Miller, and Diego Scotti in the Northern District of California, San Jose Division. The complaint, filed April 2, 2026 under the Private Securities Litigation Reform Act, alleges securities violations by the digital payments company. The court has received initial filings including the complaint, proposed summons, Rule 7.1 corporate disclosures, and certificates of counsel.