magwitch wrote in :
Paul Treadaway wrote:
magwitch wrote in
:
But the Australian Competition and Consumer Commission have told
ebay to abandon the plans on the grounds of anti-competitive
practises
And what's our *useless* FSA doing? Still trying to catch up on the
NR fiasco?

It's nothing to do with the FSA, which regulates financial services.
I think you mean the OFT or MMC.

And PayPal is a bank or like to style themselves as such — providing
financial services for users of Ebay.

If PayPal is authorised and regulated by the FSA, then the regulation
is to prevent PayPal ripping you off, laundering money etc. What Ebay
does is not covered by the FSA.

Who or what are OFT or MMC?

The Office of Fair Trading and the Monopolies and Mergers Commission.