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mrguyorama 20 hours ago

Paypal is very specifically not a bank and does not have to follow banking regulations

lucb1e 19 hours ago | parent | next [-]

https://en.wikipedia.org/wiki/PayPal#Regulation

Paypal was granted a banking license seventeen years ago. This has made a lot of people very angry and been widely regarded as a bad move.

pixxel 19 hours ago | parent | prev [-]

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