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01-03-2014, 10:09 AM #1
Reputation points: 93
- Join Date
- Sep 2012
- Posts
- 75
I found this paragraph quite interesting:
"The eBay SEC filing reveals little about CFPB's civil investigation. But the filing does mention a class-action lawsuit that alleges the company has been evading state consumer-protection laws by "renting" a bank charter to extend credit through the Bill Me Later service. The lawsuit, initially filed in California and moved to a Utah court, outlined examples of consumers who were charged rates ranging from 41 percent to 115 percent through the service. "
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