Craig A. Hoffman

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PayPal Reaches Settlement With Texas Over Venmo Privacy and Security Disclosures

Venmo is a peer-to-peer mobile payments service that PayPal acquired in 2013. Users can transfer money to another person using a mobile or web application (e.g., send money to a friend to split the cost of dinner). On May 20, 2016, Texas Attorney General Ken Paxton announced that Texas had entered into an Assurance of … Continue Reading

The CFPB Joins Privacy and Security Enforcement Arena With Action Against Dwolla

The Consumer Financial Protection Bureau (CFPB) announced on March 2, 2016, that it had entered into a consent order with online payment platform Dwolla to resolve the CFPB’s claims regarding statements made by Dwolla about the privacy and security of customer data. Under the consent order, Dwolla agreed to pay a $100,000 fine and implement, … Continue Reading
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