PayPal settles DEI lawsuit

PayPal has reached a $30 million settlement with the Justice Department to resolve allegations that its investment program for minority-owned businesses was discriminatory.

As part of the deal, the company will waive processing fees for a wide range of small businesses.

The investigation focused on whether the program's eligibility criteria unfairly excluded certain groups.

PayPal has denied any wrongdoing but stated that the settlement allows it to move forward and continue supporting diverse entrepreneurs.