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Status: Closed — this petition is no longer accepting signatures.

Enforce Banking Regulations For UK Paypal Customers

Enforce Banking Regulations For UK Paypal Customers

Closed — 47 supporters Verified

Final supporters

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+37 more
Started by Anonymous 18 years, 9 months ago
THIS PETITION HAS NOW BEEN SUPERSEDED ! THIS PETITION HAS NOW BEEN SUPERSEDED ! THIS PETITION HAS NOW BEEN SUPERSEDED ! This petition has now been superseded by the following Petition: http://petitions.pm.gov.uk/PaypalRegulation/ (yes - this means we will be attempting to petition 10 Downing Street directly!) Unfortunately, this does mean that all signatures cannot be automatically transferred across to the new petition. Therefore, please re-sign the new petition located at: http://petitions.pm.gov.uk/PaypalRegulation/ and also promote it at every available opportunity! Petition Text: Increasing numbers of UK Citizens experience problems whilst using Paypal UK, combine this with the fact that Paypal is: a) no longer regulated by the FSA b) duly licensed as a Luxembourg credit institution (ie. a bank) This petition requests that UK Banking Regulations are enforced for all UK Paypal Customers.

Updates

December 20, 2007

We have determined that moving this initiative to Downing Street will provide the formal oversight required to address these regulatory concerns. Please transition your support to the new petition link provided above to ensure your position remains on the official record.

3 Comments

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Mark McBride
18 years ago Featured

total joke that they operate like a bank but sidestep all the rules. sort it out.

S
Sarah Medina
18 years ago Featured

FINALLY. they hold my money way too long and i have no recourse. need real regulation in the uk for these guys.

D
Dave Lane
18 years ago Featured

paypal are a nightmare to deal with when something goes wrong. they act like they are above the law. about time someone looked into this.