PayPal ordered to pay $25 million over unwanted PayPal Credit accounts and billing practices
Company: PayPal Holdings, Inc.
Summary
CFPB alleged PayPal deceptively advertised promotional benefits, enrolled consumers in PayPal Credit without permission, caused consumers to use PayPal Credit instead of preferred payment methods and mishandled billing disputes. The proposed order required $15 million in consumer redress and a $10 million penalty. Source: https://www.consumerfinance.gov/archive/newsroom/cfpb-takes-action-against-paypal-for-illegally-signing-up-consumers-for-unwanted-online-credit/