Legal Counsel, Consumer Credit

The Company
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.
We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.
We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.
Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.
Job Summary:
PayPal and Venmo, leading destinations for consumer financial services, are expanding their consumer credit offerings. As Legal Counsel on the U.S. Credit Legal team, you will be a trusted advisor to the business on PayPal and Venmo credit products, focusing on consumer revolving credit products (credit cards), and also supporting Buy Now Pay Later (BNPL) and other innovative new fintech credit offerings. You will guide new products from ideation through launch, and support the full customer lifecycle. You will partner with Product, Credit Risk, Compliance, Marketing, and our bank and merchant partners to launch and enhance products, and advise on new and emerging legal and regulatory issues. This role suits a pragmatic, business-minded consumer credit lawyer with a curiosity and enthusiasm for cutting edge fintech products and legal issues.
Job Description:
Essential Responsibilities:
Provide specialized legal advice and support to enable business strategy while identifying and managing legal risk.
Ensure awareness of and advise on compliance with relevant laws and regulations.
Build strong partnerships with business counterparts across the enterprise to proactively identify potential legal risks and provide strategic legal guidance.
Identify, analyze, and advise on potential legal risks, presenting mitigation options and recommendations to protect the company and enable business objectives.
Escalate complex legal issues and significant risks to senior legal leadership where appropriate.
Research and analyze new laws, regulations, and regulatory guidance affecting the company's global operations, assessing potential business impact and recommended actions.
Manage assigned legal matters through resolution, coordinating with internal stakeholders and external counsel as needed.
Maintain current knowledge of legal developments relevant to assigned business areas and communicate implications.
Minimum Qualifications:
5+ years relevant experience and a Juris doctorate degree OR Any equivalent combination of education and experience.
Additional Responsibilities & Preferred Qualifications:
Serve as day-to-day legal counsel for PayPal consumer credit card and other revolving credit products, partnering with Product, Credit Risk, Compliance, Marketing, and Finance from concept through launch and ongoing operation, to include complaint review, marketing review, and issue management.
Advise on credit card product design, disclosures, marketing and rewards programs, underwriting and adverse action, servicing, collections, marketing and customer communications to ensure compliance with applicable federal and state consumer credit laws, including TILA/Reg. Z, ECOA/Reg. B, FCRA/Reg. V, EFTA/Reg. E, UDAAP, GLBA, SCRA, MLA, TCPA, and state lending, licensing, and other emerging product-specific laws.
Support merchant and partner teams in promoting credit products end to end, including distribution, sales enablement, co-marketing, and related commercial and program agreements.
Support PayPal’s relationship with its bank issuer and program partners, including card network rules and program governance.
Support regulatory exams, government inquiries, and internal and third-party audits.
Monitor and communicate emerging legal and regulatory developments affecting credit cards and consumer credit, fintech, and bank fintech partnerships, and research issues of first impression.
Develop practical guidance, templates, and training for business partners.
Identify opportunities to use AI-enabled tools to improve legal workflows and speed reviews.
Preferred Qualifications:
Experience as in-house counsel at a fintech, bank, card issuer, or lender, or at a law firm with a consumer financial services regulatory practice, advising on consumer credit products from design through launch.
Working knowledge of TILA/Reg. Z (including open-end credit rules and CARD Act), ECOA/Reg. B, FCRA/Reg. V, EFTA/Reg. E, UDAAP, GLBA/Reg. P, FDCPA/Rev F, SCRA, MLA, CAN-SPAM, TCPA, and their state law equivalents.
Direct experience with credit cards or other revolving credit, including billing error and dispute handling, collections, and card network rules.
Familiarity with bank partnership or program-manager models.
Familiarity with state consumer lending and licensing regimes and the evolving state BNPL legislative and regulatory landscape, as well as landscapes governing other emerging fintech consumer credit products; experience with legislative or regulatory advocacy is a plus.
Experience with regulatory bodies, regulatory exams, and internal and third-party audits.
Experience with e-commerce, payments, or co-brand and merchant partnership agreements.
Subsidiary:
PayPal
Travel Percent:
0
-
The base pay for this role will depend on where you work and the relevant experience and expertise you bring. The expected range of pay for this role by location is:

Primary Location | Pay Range:
Washington DC, District of Columbia; ($137,000.00 - $203,500.00 Annually)

Additional Location(s) | Pay Range:
Chicago, Illinois: ($130,500.00 - $193,600.00 Annually)
Austin, Texas: ($130,500.00 - $193,600.00 Annually)
Scottsdale, Arizona: ($123,500.00 - $183,700.00 Annually)
Omaha, Nebraska: ($123,500.00 - $183,700.00 Annually)

Additional compensation for this role may include an annual performance bonus, equity, or other incentive compensation, as applicable.
PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. When making an application directly, we will never ask you to share passwords, one-time passcodes (OTP), or verification codes. Any such request is a red flag and likely part of a scam. All communication regarding your application will come from official PayPal email domains. If you suspect fraudulent activity, please report it immediately. To learn more about how to identify and avoid recruitment fraud please visit https://careers.pypl.com/contact-us.
For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person