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CATrends: Buy Now, Pay Later Services Send Users Further Into Debt
The result is that BNPL services that are advertised as free aren’t, class-action lawsuits allege.
Venmo
Mobile payment app settles charges it misled consumers about availability of funds.
7 Super Bowl Companies with Advertising Fouls
TINA.org is throwing the flag on several Big Game advertisers this year.
Class-Action Tracker
PayPal
Allegations: Misleadingly representing that the company keeps consumers’ personal data safe when it failed to do so and there was a data breach
Money Transfer Services at Bank of America
Allegations: Failing to disclose the risks associated with using money transfer apps, including that consumers who lose money due to fraud will not be reimbursed
Venmo Money Transfers on PayPal
Allegations: Marketing Venmo money transfers as safe without disclosing that there is no protection for victims of fraud and no recourse for lost funds
PayPal’s “Pay in 4” Service
Allegations: Marketing the service as one that allows users to pay for purchases later with no interest or fees without disclosing the risk that they will incur multiple overdraft fees…
Loans from PayPal Credit
A class-action lawsuit was filed against PayPal Credit for, among other things, allegedly engaging in bait and switch tactics by offering consumers loans and deceptively hiding the final terms of…