FTC Warns Payment Giants Against Debanking Following Trump Executive Order

FTC Warns Payment Giants Against Debanking Following Trump Executive Order The Federal Trade Commission issued formal warning letters earlier this week to the CEOs of PayPal (NASDAQ: $PYPL), Visa (NYSE: $V), Mastercard (NYSE: $MA), and Stripe, cautioning the payment giants that failing to abide by President Donald Trump’s debanking executive order could trigger enforcement action from the regulator. The announcement, late Thursday, by FTC Chairman Andrew Ferguson is a significant escalation in the adminis ...