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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 buyer Financial Protection Bureau (CFPB) filed a complaint and proposed permission order in federal court against PayPal, Inc. for illegally registering customers for the credit that is online product PayPal Credit, previously called Bill Me Later. The CFPB …

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