PayPal Pays $30 Million to Settle DOJ Probe over 'DEI' Investment Program
PayPal will waive fees on $1 billion in transactions and create a new small business program that excludes race and national origin, DOJ officials said.
- On Tuesday, the U.S. Department of Justice reached a settlement with PayPal to resolve an investigation into a 2020 investment program that the department described as giving "unlawful" preferences to Black and minority-owned businesses.
- A federal civil rights investigation into PayPal's "Economic Opportunity Fund," launched in 2020, prompted the review because the Justice Department claimed the program used race and national origin as eligibility criteria without remedying specific past discrimination.
- PayPal will waive processing fees on roughly $1 billion worth of transactions for eligible small businesses as part of a newly created "Small Business Initiative," marking a significant action under the Trump administration's expanding crackdown on diversity, equity, and inclusion programs.
- Under the agreement signed Monday by PayPal CEO Enrique Lores, the company "expressly denies any liability," though Acting Attorney General Todd Blanche warned corporations will face "aggressive enforcement if you use race or national origin to discriminate against qualified Americans."
- While the Trump administration targets diversity practices, civil rights groups dispute that inclusion initiatives are unlawful, arguing they address historic inequities for marginalized groups including women, the LGBT community, and ethnic minorities.
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President Trump’s DOJ Secures $30 Million PayPal Settlement Over Alleged Race-Based Business Program * 100PercentFedUp.com * by WLT Report
President Donald Trump’s Justice Department just landed its most concrete corporate DEI enforcement action yet, and the dollar figure alone should get the attention of every boardroom in America. PayPal has agreed to a settlement valued at roughly $30 million to resolve a federal investigation into its 2020 Economic Opportunity Fund, a program DOJ alleged gave preferences to businesses based on race, color, and national origin without any docume…
PayPal Reaches Settlement with DOJ After Accusations it Favored Black-Owned Businesses
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. PayPal has reached a settlement with the Justice Department that will resolve a federal investigation into a 2020 program designed to support Black and minority-owned businesses. …
Paypal agrees to $30 million settlement with Justice Department over 'illegal DEI'
The Department of Justice announced a settlement with PayPal, Inc. after the company allegedly pushed "a discriminatory investment program created for Black and minority-owned businesses."
PayPal To Waive $30 Million In Fees After Race-Based Fund Probe
PayPal Inc. agreed to waive roughly $30 million in processing fees to resolve a federal fair lending investigation into a race-based investment program the Justice Department said favored black and minority-owned businesses. The agreement requires PayPal to create a new Small Business Initiative that excludes criteria based on race, national origin, or other protected characteristics. PayPal will waive processing fees on $1 billion worth of tran…
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