US consumer bureau files complaint against PayPal over credit product
Add BT as a preferred source[WASHINGTON] The US Consumer Financial Protection Bureau on Tuesday said it filed a complaint in federal court accusing PayPal of illegally signing consumers up for an online credit product without their permission.
The CFPB said PayPal, eBay Inc's electronic payments division, also engaged in deceptive advertising for PayPal Credit and mishandled billing problems. Under the proposed order, which needs a judge's approval, PayPal would refund US$15 million to consumers and pay a US$10 million fine.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
