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They say it's required by law

Elizabeth, I wish you (or someone) would look into this. I would, but I just don't have time right now. PayPal says that they are REQUIRED to do this by a new banking law that went into effect in April. As someone has pointed out here, it is peculiar that they don't say exactly which one. It's also peculiar that there's nothing (that I could find) about this in their own documentation, even though there are lots of complaints on their discussion forums.

So, it's a very unusual thing. I think it's quite possible that PayPal is doing something bad and possibly illegal, and if they are, it's a major story. Even if they aren't, it might still be a major story.

Jim


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