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So the regulator's solution is not to rein in the problematic behavior using their regulatory power, but to tell people to be individually responsible? It's OK

So the regulator's solution is not to rein in the problematic behavior using their regulatory power, but to tell people to be individually responsible? It's OK for Venmo and PayPal to go on being predatory because why?

JumpCrisscross 3y ago
> the regulator's solution is not to rein in the problematic behavior using their regulatory power What regulatory power does the CFPB have over PayPal in this matter? Particularly in respect of deposit insurance?
- cratermoon 3y ago
  That's a fair criticism if we are looking at "regulator" to strictly apply only to the CFPB. However, the government of which the CFPB is a part is able to regulate financial institutions, but has not.
  - JumpCrisscross 3y ago
    > the government of which the CFPB is a part is able to regulate financial institutions, but has not How? I’m seeing little that doesn’t require new statute.