CFPB Takes Action Against PayPal for Illegally Registering People for Excessive On The Web Credit

PayPal to Refund $15 Million to customers and Spend $10 Million Fine WASHINGTON, D.C. — Today the customer Financial Protection Bureau (CFPB) filed a complaint and proposed permission order in federal court against PayPal, Inc. for illegally enrolling customers for the credit that is online product PayPal Credit, previously called Bill Me Later. The CFPB alleges that PayPal deceptively promoted …