A 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.”
Consumer Financial Protection Bureau Director Rohit Chopra commented on a recent update to PayPal’s acceptable use policy that drew accusations that the payments company was positioning itself to regulate the speech of customers.
“I’ve never actually never heard of a payment system thinking that it could fine someone for legal expression that their users are making,” Chopra said during a Wednesday appearance on CNBC.
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