Money Transfer Services at Bank of America
Allegations: Failing to disclose the risks associated with using money transfer apps, including that consumers who lose money due to fraud will not be reimbursed
Pillard et al. v. PayPal, Inc.
23-cv-936, N.D. Cal.
(March 2023)
PayPal online payment platform
Misleadingly representing that the company keeps consumers’ personal data safe when it failed to do so and there was a data breach
Pending
Allegations: Failing to disclose the risks associated with using money transfer apps, including that consumers who lose money due to fraud will not be reimbursed
Allegations: Marketing Venmo money transfers as safe without disclosing that there is no protection for victims of fraud and no recourse for lost funds
Allegations: Marketing the service as one that allows users to pay for purchases later with no interest or fees without disclosing the risk that they will incur multiple overdraft fees…
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