PayPal Holdings was hit with a consumer class action Thursday in California Northern District Court accusing the company of seizing account holders' funds without cause or due process. The suit, brought by The Bensamochan Law Firm, claims PayPal places users' accounts 'on hold' without explanation beyond a generic statement claiming violation of PayPal's policies. Counsel have not yet appeared for the defendant. The case is 5:22-cv-00248, Evans et al v. Paypal, Inc.
Banking & Financial Services
January 13, 2022, 6:13 PM