DOJ Reaches $30 Million Settlement With PayPal, Orders Race-Neutral Small Business Initiative
TL;DR Summary
The Justice Department announced a settlement with PayPal over a discriminatory DEI investment program, requiring a race-neutral Small Business Initiative, fee waivers on up to $1 billion in eligible transactions (roughly $30 million), an appointed initiative director, needs assessments and plans, employee training on the Equal Credit Opportunity Act, and annual public reporting to ensure non-discriminatory access for American small businesses.
- Office of Public Affairs | Justice Department Secures $30M Settlement with PayPal Over DEI Investment Program Department of Justice (.gov)
- DOJ reaches $30 million deal with PayPal over minority-owned business program ABC News - Breaking News, Latest News and Videos
- PayPal to give up $30M after DOJ accusations of bias in favor of minority-owned businesses The Hill
- PayPal to waive $30 million in fees to settle DOJ probe of minority business program Reuters
- PayPal Agrees to Settle US Probe of DEI Business Initiative Bloomberg.com
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