Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: PayPal, Inc.
Current Parent CompanyPayPal Holdings
Parent at the Time of the Penalty Announcement subscribe to see this data field
Recap of Ownership Changes subscribe to see this data field
Penalty: $1,700,000
Year: 2006
Date: September 29, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: PayPal resolved multistate litigation by agreeing to pay $1.7 million and by providing protections to consumers before they become members and whenever they make payments to others using PayPal'?s system. The agreement also required the company to disclose all contractual terms and financial obligations clearly and conspicuously .
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: online payments
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.