I've been reading the new policy on their website and the Limitation of Liability (as far as I can tell, separate from the policy regarding class action) sounds even worse. It probably always was this way but this is the first time I read it.
Basically it's being updated to state Paypal is not responsible for any losses or damages you incur including your money if it's lost for any reason, even due to viruses or glitches. Do you know if paypal can go after money from you by taking it from bank accounts you used to have added to their site or to bank accounts you never linked with them?