The Justice Department secured a $30 million settlement with PayPal over a discriminatory investment program targeting black and minority-owned businesses. PayPal agreed to launch a new Small Business Initiative excluding race-based criteria and to waive processing fees on $1 billion in transactions.
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Media Coverage · May 12, 2026
The parties reported a settlement.
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Justice Department Secures $30M Settlement with PayPal Over Unlawful DEI Investment Program
Media Coverage · May 12, 2026
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The newest docket activity we have is a media coverage dated May 12, 2026.
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Today, the Justice Department announced a settlement with PayPal Inc. to resolve a fair lending investigation into a discriminatory investment program created for black and minority-owned businesses. The settlement requires PayPal to launch a new Small Business Initiative that excludes criteria based on race, national origin, or other protected characteristics. As part of the initiative, PayPal will waive processing fees for $1 billion of transactions – a value of approximately $30 million – for
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The parties reported a settlement.
Today, the Justice Department announced a settlement with PayPal Inc. to resolve a fair lending investigation into a discriminatory investment program created for black and minority-owned businesses. The settlement requires …
Sources tracked
1 outlet · 1 article
Timeline events
1 record on file
Last updated
8 hours, 40 minutes ago
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