PayPal settles DOJ minority program probe for $30 million
PayPal settled a DOJ probe for thirty million dollars regarding an investment program. Officials found the minority business initiative was discriminatory.
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PAYPAL HOLDINGS INC will pay $30 million to settle a United States Department of Justice probe into its minority business investment program. The DOJ found the program, designed for Black and minority-owned businesses, was unlawful and discriminatory. The settlement resolves legal uncertainty regarding PayPal's diversity initiatives and removes a potential regulatory overhang for shareholders.
