http://news.com.com/2100-1017-834313.html By Troy Wolverton Staff Writer, CNET News.com February 11, 2002, 5:45 PM PT [...] In a letter sent last week, Louisiana asked the online payments company to cease offering its service to the state's residents until PayPal receives a license from the state, the company said in a regulatory document filed Monday. Although Louisiana residents account for a small fraction of the money sent through PayPal, the state's move could presage other governmental attempts to regulate PayPal's service. [...] But PayPal also faces potential challenges from state banking regulators. During the past two years, California and Idaho have questioned whether PayPal is operating an unauthorized bank. Meanwhile, officials in Louisiana and New York have gone a step further and stated their opinion that PayPal is doing just that. [...] ------------------------------------------------------------------------- POLITECH -- Declan McCullagh's politics and technology mailing list You may redistribute this message freely if you include this notice. Declan McCullagh's photographs are at http://www.mccullagh.org/ To subscribe to Politech: http://www.politechbot.com/info/subscribe.html This message is archived at http://www.politechbot.com/ -------------------------------------------------------------------------
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