Justice Department Secures $30M Settlement with PayPal Over DEI Investment Program
· Texas Border Business
The U.S. Department of Justice has reached a $30 million settlement with PayPal Inc. over a discriminatory investment program aimed at black and minority-owned businesses. This settlement mandates PayPal to implement a new Small Business Initiative that will not consider race or national origin in its criteria. PayPal will waive processing fees for up to $1 billion in transactions for eligible American small businesses, particularly those owned by veterans or involved in farming, manufacturing, or technology. The initiative also includes appointing a director, assessing business needs, and providing employee training on the Equal Credit Opportunity Act.
AI summary · Source: Texas Border Business →
