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PayPal Settles US Anti-DEI Probe Into Program Supporting Minority Businesses for $30 Million
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PayPal Settles US Anti-DEI Probe into Program Supporting Minority Businesses for $30 Million
The U.S. Department of Justice (DOJ) announced that it has reached a settlement with PayPal to resolve an investigation into a DEI-related investment program set up by the digital payment giant to support Black and minority-owned businesses – described by the DOJ as “discriminatory” – with the deal including an agreement by the company to waive fees worth $30 million for a new small businesses-focused initiative. The investigation formed part of…
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