Venmo

PayPal Holdings said in a SEC filing Thursday the Federal Trade Commission has requested documents related to an investigation into possible deceptive or unfair practices by the company's peer-to-peer payment service Venmo.

The filing with the Securities and Exchange Commission states the company is complying with the demand, which was made last month, and it cautioned there could be financial repercussions from the investigation. PayPal didn't provide any details about the substance of the request, called a Civil Investigative Demand. (In fact, the language in the filing looks like it was pulled directly from the FTC Act.)

Responding to a request for comment, Venmo said: