PayPal Ordered to Pay $25 Million in Refunds, Fines

The U.S. consumer finance watchdog has ordered PayPal to pay $25 million in refunds and fines, stemming from the regulator's claims the payment company illegally signed up users for PayPal Credit, its online credit service. The Consumer Financial Protection Bureau said PayPal deceptively advertised promotions for PayPal Credit, formerly known as Bill Me Later, which is a line of credit consumers can use to pay for online and other purchases.