Feds Rule PayPal Is Not A Bank

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Feds Rule PayPal Is Not A Bank 228

Posted by Hemos on Thursday March 14, 2002 @01:15PM from the repercussions dept.

dthable writes "CNet has posted an article update describing the Feds latest ruling - PayPal is not considered a bank. The article describes the effects of not being a bank which includes the lack of government regulations."

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Feds Rule PayPal Is Not A Bank

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Perhaps what they meant was... (Score:5, Funny)

by joshjs ( 533522 ) writes: <joshjsNO@SPAMcs.uwm.edu> on Thursday March 14, 2002 @01:16PM (#3163015) Homepage

PayPal is not a *good* bank. =)

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I wonder if PayPal picked these offices themselves (Score:4, Funny)

by carlhirsch ( 87880 ) writes: on Thursday March 14, 2002 @02:02PM (#3163298) Homepage

From PayPalWarning.com...

PayPal, Inc.
11128 John Galt Blvd
Omaha, NE 68137

Subdivision planners reading Ayn Rand, apparently...

-carl

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Re:PayPal should be considered . . . (Score:5, Funny)

by mbrubeck ( 73587 ) writes: on Thursday March 14, 2002 @02:25PM (#3163425) Homepage

. . . a bank based on the "duck test."
What, if it weighs the same as a duck, then it's a bank... and we can burn it?!

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Sorta like the crematorium in Georgia (Score:3, Funny)

by mikosullivan ( 320993 ) writes: <miko@idocs.cBALDWINom minus author> on Thursday March 14, 2002 @03:25PM (#3163771)

The crematorium in Georgia [cnn.com] that wasn't officially defined as a crematorium, even though it did cremations, so it didn't have to follow cremation regulations.
-Miko

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Re:Banks (Score:2, Funny)

by jsarek ( 514608 ) writes: on Thursday March 14, 2002 @03:52PM (#3163913) Homepage

Nice post. It takes a smart man to realize this, and a smarter man to realize that it should NEVER BE MENTIONED IN PUBLIC.

Continue the charade.

John Sarek

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Feds Rule PayPal Is Not A Bank 228

Feds Rule PayPal Is Not A Bank More Login

Feds Rule PayPal Is Not A Bank

Perhaps what they meant was... (Score:5, Funny)

I wonder if PayPal picked these offices themselves (Score:4, Funny)

Re:PayPal should be considered . . . (Score:5, Funny)

Sorta like the crematorium in Georgia (Score:3, Funny)

Re:Banks (Score:2, Funny)

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