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psunite
Joined: 27 Jan 2005
Posts: 6213
Location: Columbus OH
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| Posted: Fri Sep 29, 2006 12:14 pm Post subject: PayPal in settlement deal with 28 states |
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SAN FRANCISCO (Reuters) - PayPal, the online payments unit of EBay Inc. <EBAY> has agreed with attorneys general from 28 U.S. states to improve how it notifies users of their consumer rights, the company said on Thursday.
Under the deal, PayPal will also pay $1.7 million to the states.
In addition, PayPal said it reached a settlement in a proposed class action lawsuit by PayPal customers in a U.S. federal court in Brooklyn. PayPal agreed to set up a settlement fund of $3.5 million, less court costs and attorneys fees.
PayPal said it will, among other things, shorten and streamline its user agreement and communicate more information relating to its protection programs. The company said it has already complied with many of the voluntary deal's terms.
more.. link to news article |
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mojavelyn
Joined: 25 Feb 2005
Posts: 8084
Location: Mojave Desert CA 120 miles from civilization
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| Posted: Fri Sep 29, 2006 12:50 pm Post subject: |
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| It would be great if it would refund the money to the members. I could use a few extra cents in my account. |
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CrystalStar
Joined: 06 Mar 2005
Posts: 3571
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| Posted: Fri Sep 29, 2006 12:53 pm Post subject: |
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| Yeah...me too. But here it will probably go to a general fund for the state...like politicians need anymore money to play with!! |
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Patty00
Joined: 13 Dec 2005
Posts: 1018
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| Posted: Fri Sep 29, 2006 1:15 pm Post subject: |
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| Wow! That's a mere tap on the wrist! |
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Buyitwithus
Joined: 19 Sep 2006
Posts: 8
Location: Keremeos
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| Posted: Fri Sep 29, 2006 2:10 pm Post subject: |
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| Hmmm that is change in Paypal pocket watch if the raise 0.5% fees in about 3 to 6 months to get back there so called loss what a farce. |
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