Legal Counsel, Consumer Credit

October 26, 2024

Industry: Private

Employment Type:- Full Time

Work Hours:- 8 Hours

Locations:- USA

Full Job Description:-

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.

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PayPal’s innovative technology and approaches to payments, coupled with an increasingly complex and demanding legal and regulatory environment, provide robust career opportunities for attorneys motivated and driven by creative clients and a fast paced, cutting edge culture. This role will be focused on interaction with teams supporting merchants and partners in order to promote PayPal-branded consumer credit products from end to end, including distribution, sales enablement, and marketing support. In addition, the attorney will provide legal and regulatory advice relating to onboarding, servicing, issue and dispute resolution, and collections, for both open-end and closed-end consumer credit. The attorney will also be expected to research issues of first impression independently.

Job Description:

The successful candidate will have the following specific qualifications and experience:

Experience with legal issues arising in most, if not all, of the following areas: credit and lending, financial services, consumer protection, sales, contracts and marketing.
Experience in interpreting and counseling clients regarding the following laws and regulations is required: UDAAP, EFTA/Reg. E, TILA/Reg. Z, GLBA/Reg. P, FCRA/Reg. V, FDCPA, ECOA/Reg. B, CAN-SPAM, TCPA and other laws affecting payments products, and consumer and small business credit products.
Exceptional legal research skills, particularly in areas of new legislation and regulation and application of same to specific use cases.
Experience with e-commerce, payments, credit cards or other lending products.
Experience dealing with regulatory bodies, regulatory exams, internal and third-party audits.
Ability to thrive in a fast-paced environment and to tolerate change and ambiguity.
Ability and drive to take ownership of projects and tasks which, in many cases, will be matters of first impression.
Openness to adapting his/her practice in response to the changing landscape of the industry.
Facility with a team-based approach to subject matter management and knowledge sharing, and comfort with a flexible, agile environment that emphasizes collaboration and team performance over management hierarchy. The successful candidate will enthusiastically collaborate with PayPal legal colleagues across our global organization and be able to hit the ground running.
Creative thinker with strong problem-solving skills and the ability to stay calm under challenging circumstances.
3-5 years of relevant experience practicing either in-house (or in an equivalent setting) or at a reputable law firm.
Juris Doctorate or equivalent degree. Admitted to a state bar and in good standing.
Exceptional writing skills, with strong attention to detail and ability to generate creative original drafted documents.
Outstanding communication skills and ability to work both in teams and independently.
Ability to effectively synthesize and explain complex and detailed legal requirements to clients across different levels within the organization.

PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is $82500 to $187990

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you