The CFPB recently brought a $25 million enforcement action against PayPal, a division of eBay, alleging the company illegally signed up consumers for its online credit product, PayPal Credit, formerly known as Bill Me Later, which the company had acquired. Since 2008, PayPal has offered PayPal Credit to consumers across the country making purchases from thousands of online merchants, including eBay. The CFPB alleged that many consumers who were attempting to enroll in a regular PayPal account, or make an online purchase, were signed up for the credit product without realizing it. “The company also failed to post payments properly, lost payment checks, and mishandled billing disputes that consumers had with merchants or the company,” the agency added. “Tens of ...