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Kiplinger
Kiplinger
Business
Jamie Feldman

Venmo Urged To Protect Users From Scams — Again

Venmo Cash App PayPal Kiplinger
Laptop with a warning sign and letters that spell SCAM ALERT.

PayPal's Venmo is still not doing enough to protect its users from potential scams, according to several Senate Banking Committee members.

Sherrod Brown (D-OH), committee chair, along with members Jack Reed (D-RI) and Elizabeth Warren (D-MA) sent a letter on December 14 to PayPal President and CEO Alex Chriss raising concerns and urging the adoption of new policies to reimburse consumers who get scammed on Venmo and make it easier for them to report when they have been scammed.

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