PayPal Holdings, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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PayPal disclosed receipt of a Civil Investigative Demand from the Consumer Financial Protection Bureau on July 29, 2021, related “to the marketing and use of PayPal Credit in connection with certain merchants that provide educational services.” Further, PayPal revealed that it had “responded to subpoenas and requests for information received from the [Securities and Exchange Commission] relating to whether the interchange rates paid to the bank that issues debit cards bearing our licensed brands were consistent with Regulation II of the Board of Governors of the Federal Reserve System, and to the reporting of marketing fees earned from the Company’s branded card program.”
Shares of PayPal plummeted $18.81 per share, or 6.23%, on this news, to close at $283.17 per share on July 29, 2021.