PayPal say its Venmo service is being investigated by FTC

Popular online payment service PayPal said U.S. regulators are investigating the company's free peer-to-peer service Venmo in connection with possible unfair trade practices On March 28, PayPal said it received a civil investigative demand from the Federal Trade Commission for documents related to Venmo The inquest focuses on whether the electronic payments company engaged in unfair or deceptive trade practices