FTC Sends Warning Letters to PayPal, Stripe, Visa, and Mastercard Over Debanking Practices.

FTC Chairman Andrew N. Ferguson issued warning letters to PayPal, Stripe, Visa, and Mastercard CEOs regarding their obligations to customers under the FTC Act. The letters remind them of their duties to provide fair and transparent services, particularly for American consumers who have been debanked. The FTC is enforcing consumer protection laws and ensuring these companies comply with their responsibilities.