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Cheatsheet: Why PayPal is suing the CFPB regarding its Prepaid Rule

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PayPal this month filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) regarding fee disclosure requirements, arguing that the requirements of the CFPB’s Prepaid Rule would hurt its business and confuse customers. “PayPal supports the mission of the CFPB and regulations that empower consumers to make informed financial decisions,” a PayPal spokesperson told Bank […]

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