Director, Legal Counsel

Consumer financial services are central to the future of PayPal and Venmo. We have exciting new products in development and need an experienced consumer credit lawyer to play a key role in legal support for our evolving Buy Now Pay Later (BNPL) business, fast-growing consumer revolving credit business, and innovative new credit products.

As Director, Legal Counsel on the U.S. Credit Legal team, you will be a strategic advisor to product and strategy teams, guiding products from ideation through launch and scale, and help shape our response to a fast-moving legal and regulatory landscape.

Essential Responsibilities:

• Provide strategic legal advice and support to senior management, influencing business strategy and decision making.
• Anticipate regulatory and legal risks, and proactively design strategies to manage them.
• Perform legal and regulatory compliance risk assessments, propose creative solutions where applicable, and help advance business objectives.
• Manage escalations, collaborate across other teams and develop solutions to enable business partners to achieve their goals.
• Develop a strong rapport and working relationship with business counterparts across the enterprise to help drive the delivery of effective legal services.
• Ensure compliance with relevant laws and regulations, leading the adoption of cutting-edge legal technologies and best practices.
• Manage legal risks and safeguard PayPal's legal interests, developing forward-looking risk management strategies.
• Provide key inputs as an industry leader and expert, staying ahead of legal trends and influencing industry standards.

Additional Responsibilities & Preferred Qualifications:

• Serve as product and regulatory counsel for PayPal and Venmo consumer credit products, including BNPL (closed-end), consumer credit cards (open-end), and other innovative credit products in development.
• Provide legal support for credit underwriting and fraud strategy, including credit decisioning models and policies, adverse action and other disclosures, use of data and alternative data, and fraud controls.
• Provide fair lending support, including advising on ECOA/Reg. B and UDAAP considerations in product design, underwriting, marketing, and servicing.
• Provide legal support for incorporating BNPL and credit products into PayPal- and Venmo-branded checkout.
• Advise on product design, disclosures, marketing and rewards, servicing, billing and disputes, and collections.

Requirements:

• 10+ years relevant experience and a Juris doctorate degree OR Any equivalent combination of education and experience.

Preferred Qualifications:

• 10+ years of 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.
• Deep, demonstrated expertise in consumer credit cards, BNPL or other closed-end installment credit.
• Substantial experience advising on credit underwriting and fraud strategy, and on fair lending.
• Experience advising on the integration of credit products into digital checkout and payments experiences.
• Familiarity with state consumer lending and licensing regimes and the evolving state BNPL legislative and regulatory landscape.

Benefits:

At PayPal, we're committed to building an equitable and inclusive global economy. We offer comprehensive, choice-based programs to support all aspects of personal wellbeing,physical, emotional, and financial,delivering meaningful value where it matters most.