EBay Probed Over Loans Pioneered by Payday Lenders
U.S. Consumer Financial Protection Board looks into lending practices of the company's Bill Me Later service.
By Carter Dougherty, Bloomberg|October 22, 2013 at 09:37 AM
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EBay Inc. is facing a probe by the Consumer Financial Protection Bureau (CFPB) over a loan program that mimics a structure used by high-interest lenders to evade state rules before the practice was stamped out by regulators.
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