{"id":397,"date":"2026-05-13T14:05:34","date_gmt":"2026-05-13T14:05:34","guid":{"rendered":"https:\/\/tampamovingjournal.com\/?p=397"},"modified":"2026-05-13T14:05:34","modified_gmt":"2026-05-13T14:05:34","slug":"paypal-agrees-to-30-million-settlement-with-justice-department-over-illegal-dei","status":"publish","type":"post","link":"https:\/\/tampamovingjournal.com\/?p=397","title":{"rendered":"Paypal agrees to $30 million settlement with Justice Department over &#8216;illegal DEI&#8217;"},"content":{"rendered":"<div><div><div>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-395\" height=\"432\" src=\"https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/004c534d0930808e20892b2cd9d5d786.webp\" width=\"764\" srcset=\"https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/004c534d0930808e20892b2cd9d5d786.webp 764w, https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/004c534d0930808e20892b2cd9d5d786-300x170.webp 300w\" sizes=\"auto, (max-width: 764px) 100vw, 764px\" \/><\/figure>\n <span>article<\/span><\/div> <div><div><p><span>PayPal issued a statement in support of its new Small Business Initiative. (Jonathan Raa\/NurPhoto via Getty Images)<\/span> <!-- --><\/p><p>Read more <a href=\"https:\/\/tampamovingjournal.com\/?p=393\">11 survive small plane crash off Florida coast, near Melbourne: U.S. Coast Guard<\/a><\/p> <!-- --><\/div><\/div> <!-- --><\/div> <!-- --><p>The Department of Justice announced a settlement <u>with PayPal, Inc.<\/u> after the company allegedly pushed &#8220;a discriminatory investment program created for Black and minority-owned businesses.&#8221;<\/p> <!-- --><p>&#8220;This Department of Justice is delivering on President Trump\u2019s vow to root out illegal DEI from every corner of corporate America,&#8221; Acting Attorney General Todd Blanche said in a statement Tuesday. &#8220;American corporations are on notice: you will face our aggressive enforcement if you use race or national origin to discriminate against qualified Americans.&#8221;<\/p> <p>In 2020, PayPal launched a one-time $530 million commitment known as the Economic Opportunity Fund to &#8220;expand economic opportunity for Black and underrepresented minority businesses and communities.&#8221; The Department of Justice investigated this program over potentially violating The Equal Credit Opportunity Act, which prohibits creditors from discriminating based on race or color.<\/p> <!-- --><p>Though the Justice Department did not determine that PayPal violated the Equal Credit Opportunity Act or any federal law, the department claimed PayPal did not implement the program to counter past examples of discrimination.<\/p> <!-- --><div><\/div> <!-- --><p>The Department of Justice is also not prohibited from bringing action against PayPal for any future violations of the Equal Opportunity Act.<\/p> <!-- --><p><strong><u>DISNEY DITCHES &#8216;DIVERSITY&#8217; AND &#8216;DEI&#8217; IN BUSINESS REPORT FOR THE FIRST TIME SINCE 2019<\/u><\/strong><\/p><p>Read more <a href=\"https:\/\/tampamovingjournal.com\/?p=391\">Trump departs for Beijing for summit with Chinese leader Xi Jinping<\/a><\/p> <!-- --><p>As part of the settlement, PayPal will launch a new <u>Small Business<\/u> Initiative and waive processing fees for $1 billion of transactions, or approximately $30 million, for American businesses that are veteran-owned or engaged in farming, manufacturing, or technology.<\/p> <!-- --><div>\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-396\" height=\"432\" src=\"https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/b03dac4d465156e105c0a84919dd2eba-768x432.webp\" width=\"768\" srcset=\"https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/b03dac4d465156e105c0a84919dd2eba-768x432.webp 768w, https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/b03dac4d465156e105c0a84919dd2eba-300x169.webp 300w, https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/05\/b03dac4d465156e105c0a84919dd2eba.webp 932w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n <div><p><span>Acting Attorney General Todd Blanche released a statement touting the settlement with PayPal as an effort to root out &#8220;illegal DEI.&#8221; (Alex Wroblewski \/ AFP via Getty Images)<\/span> <!-- --><\/p> <!-- --><\/div><\/div> <!-- --><p>PayPal has also been instructed to inform employees on the Equal Credit Opportunity Act and provide an annual report on the initiative.<\/p> <!-- --><p><strong><u>PAYPAL PLANS TO LAUNCH BANK SERVING SMALL BUSINESSES AROUND THE US<\/u><\/strong><\/p> <!-- --><p>In a statement to <u>Fox News Digital<\/u>, a PayPal spokesperson said, &#8220;For more than two decades, PayPal has helped small businesses start, scale, and thrive by expanding access to digital financial tools.\u00a0We\u2019re\u00a0excited to launch the\u00a0Small Business Initiative\u00a0to infuse American\u00a0small\u00a0businesses with even more economic opportunity.&#8221;<\/p> <!-- --><p>Assistant Attorney General Harmeet K. Dhillon of the Justice Department\u2019s Civil Rights Division celebrated the decision as further effort by the Trump administration to eliminate discrimination among businesses.<\/p> <!-- --><p>&#8220;With this settlement, PayPal agrees that race and national origin should play no part in determining which small businesses deserve its investment and financial support,&#8221; Dhillon said.<\/p><p>Read more <a href=\"https:\/\/tampamovingjournal.com\/?p=388\">Trump arrives in Beijing for summit with Chinese leader Xi Jinping<\/a><\/p> <!-- --><p><i><strong>LINK: <\/strong><\/i><i><strong>Get updates and more at foxbusiness.com.<\/strong><\/i><\/p> <!-- --> <!-- --> <\/div>","protected":false},"excerpt":{"rendered":"<p>The Department of Justice announced a settlement with PayPal, Inc. after the company allegedly pushed &#8220;a discriminatory investment program created for Black and minority-owned businesses.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":394,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142,33],"tags":[143,34],"class_list":["post-397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-politics","tag-business","tag-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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