{"id":1703381,"date":"2022-10-20T08:09:51","date_gmt":"2022-10-20T12:09:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1703381"},"modified":"2022-10-20T10:23:08","modified_gmt":"2022-10-20T14:23:08","slug":"paypal-faces-house-inquiry-over-2500-fine-for-misinformation-controversy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/paypal-faces-house-inquiry-over-2500-fine-for-misinformation-controversy\/","title":{"rendered":"PayPal Faces House Inquiry Over $2,500 Fine for &#8220;Misinformation&#8221; Controversy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpaypal-faces-house-inquiry-over-2500-fine-for-misinformation-controversy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1703381&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/justthenews.com\/sites\/default\/files\/styles\/social_media_share\/public\/2021-01\/GettyImages-1184251296.jpg?h=199d8c1f&#038;itok=xTCmcras\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>House Republicans are launching an inquiry into PayPal after the payment processing company sparked major controversy for a policy that would fine customers for \u201cmisinformation.\u201d<\/p>\n<p>The controversy began when news broke earlier this month that PayPal would fine customers $2,500 for spreading misinformation. PayPal quickly retracted the policy, saying it was a mistake that \u201cwent out in error\u201d but not before \u201ccancelPayPal\u201d was trending and Twitter users boasted of deleting their accounts. The company\u2019s stocks tumbled as the news unfolded.<\/p>\n<p>Now, House Republicans want answers. They sent a <a href=\"https:\/\/republicans-energycommerce.house.gov\/wp-content\/uploads\/2022\/10\/2022-10-18_final_fsc_ec_to_paypal_final.pdf\" target=\"_blank\" rel=\"noopener\">letter<\/a> to PayPal President and CEO Dan Schulman asking how the policy originated, who approved it, whether the Biden administration was involved, and more.<\/p>\n<p>\u201cAs a leading financial technology company, it is concerning that a user agreement that contemplates the restriction of free speech was uploaded and disseminated to PayPal users \u2013 even if in error,\u201d the letter said. \u201cWe understand your company is currently investigating this matter. Upon the conclusion of your investigation, we request that you provide a briefing for the Committees as soon as practicable.\u201d<\/p>\n<p>House Energy and Commerce Committee Republican Leader Rep. Cathy McMorris Rodgers, R-Wash., Rep. Patrick McHenry, R-N.C., of the House Financial Services Committee, and House Oversight members Rep. Morgan Griffith, R-Va., and Tom Emmer, R-Minn., are leading the effort calling out the \u201canti-free speech policy.\u201d<\/p>\n<p>The letter requests answers by the end of the month to a range of questions, including whether any entities were affected by the policy change, when the internal investigation will be over, and who was responsible for the policy in question.<\/p>\n<p>Critics also point out that while PayPal rescinded its misinformation policy, the company still maintains a $2,500 \u201cliquidation\u201d policy against accounts accused of \u201cdiscrimination\u201d and \u201chatred\u201d as well as \u201cintolerance\u201d as the company chooses to define it.<\/p>\n<p>\u201cThe ability to transact without fear of retribution and political censorship is the foundation on which a free economy is built,\u201d Emmer said. \u201cWe cannot afford to sacrifice these freedoms, and we must keep a close eye on any actions that erode them. The now-rescinded penalties outlined in PayPal\u2019s Acceptable Use Policy were deeply concerning, and the American people deserve answers about how these decisions are made and whether their speech will be protected on this kind of platform.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Republicans are launching an inquiry into PayPal after the payment processing company sparked major controversy for a policy that would fine customers for \u201cmisinformation.\u201dThe controversy began when news broke<\/p>\n","protected":false},"author":1,"featured_media":1703384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1703381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1703381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1703381"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1703381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1703384"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1703381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1703381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1703381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}