- New York law enforcement officials have written to eBay (NASDAQ:EBAY) and PayPal (NASDAQ:PYPL) this week, saying the companies' revised user policies "raise issues" under consumer protection laws, NYT reports.
- The updated user agreements would allow the two companies to call or text their combined 322M users for offers and promotions, to collect a debt or to poll their opinions through questionnaires.
- Ebay's new user agreement is scheduled to take effect on Monday and PayPal's will become effective on July 1.