Nope. At least not by the FDIC's definitions.. They feel that it isn't a bank and shouldn't be regulated like one. I thought that was pretty interesting. It seems like paypal deserves much more attention if it doesn't have to be regulated. If they were to pull their act together, I'd be happy to use them more often. It just makes me nervous when I hear the types of stories I have about them.
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About this Entry
This page contains a single entry by Gregory published on March 13, 2002 12:07 PM.
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