PayPal Warned Over Speech Restrictions by Federal Financial Regulator

Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, Housing and Urban Affairs Committee April 26, 2022 in Washington, DC. Win McNamee/Getty Images

A top federal financial regulator said he was considering investigating PayPal for a policy that it has now rescinded that would fine users $2,500 for spreading “misinformation.”

Consumer Financial Protection Bureau Director Rohit Chopra told CNBC suggested that the policy, which PayPal said over the past weekend was issued in error, was too extreme.