Feb 27, 2018

PayPal and FTC reached settlement over Venmo's "misleading" practices

Photo: Ted Soqui / Corbis via Getty Images

The Federal Trade Commission on Tuesday said it has reached a settlement with PayPal over allegations that the company's use of Venmo's peer-to-peer payment service carried out unfair and deceptive practices.

What this means: The company is required to remedy the infractions, which include misleading users on how to control the privacy of their transactions and delaying withdrawn funds. Venmo is no longer allowed to misrepresent any material restrictions on the use of its service, the federal agency said in a statement, and has also been ordered to obtain a third-party evaluations every other year for the next ten year to ensure it's in compliance with the rules.

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Zachary Basu
Updated 17 mins ago - World

Police and protesters clash in Belarus after "Europe's last dictator" claims election win

Protesters and riot police clash in Minsk, Belarus, on Sunday during a demonstration against President Alexander Lukashenko's claim of a landslide victory. Photo: Misha Friedman/Getty Images)

Riot police clashed with protesters in Belarus overnight after a government exit poll predicted Sunday President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had overwhelmingly defeated a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic threaten to topple "Europe's last dictator." Rights groups said at least one protester was killed and dozens more wounded in a "police crackdown," per AP.

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Fadel Allassan
Updated 1 hour ago - World

2 Lebanese ministers and 9 lawmakers resign days after deadly explosion

Anti-government protesters in Beirut. Photo: STR/NurPhoto via Getty Images

Lebanon’s information and environment ministers resigned Sunday in the wake of massive protests over the deadly blast in Beirut's port last week, per AP.

Why it matters: In her resignation letter, Information Minister Manal Abdel-Samad called change "elusive" and apologized for not delivering more to the country, which had been devastated by a financial crisis and the coronavirus pandemic even before the blast destroyed much of the capital city.

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Axios
Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 19,863,850 — Total deaths: 731,374 — Total recoveries — 12,117,346 — Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,044,864 — Total deaths: 162,938 — Total recoveries: 1,656,864 — Total tests: 61,792,571 — Map.
  3. Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
  4. States: New York reports lowest rate of positive coronavirus test results since pandemic began
  5. Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020. 
  6. Schools: 97,000 children test positive for coronavirus in two weeks — Nine test positive at Georgia school where photo showing packed hallway went viral .
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