Flash》PayPal settles with US DOJ for $30M in transaction fees, Trump administration cracks down on corporate DEI "reverse discrimination"

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Payment giant PayPal has reached a settlement with the U.S. Department of Justice (DOJ), agreeing to waive approximately $30 million in transaction fees to resolve an investigation into alleged discrimination regarding its "minority-owned business support program" launched in 2020. The DOJ questioned whether the program prioritized specific ethnic groups while excluding Asian applicants, in violation of federal civil rights laws. (Previous coverage: Heavyweight! PayPal announces strategic restructuring, incorporating "payments and cryptocurrency" into its three core businesses, with a major executive reshuffle to push for AI transformation) (Background: Mizuho warns: Musk's X Money could severely hit PayPal! But crypto payments and 6% high interest face regulatory hurdles) News: PayPal has officially reached a settlement agreement of approximately $30 million with the U.S. Department of Justice (DOJ). PayPal will waive about $30 million in transaction fees in exchange for the DOJ terminating its investigation into alleged racial discrimination. According to the latest, the $530 million support program sparked controversy for allegedly excluding Asians. The trigger for this investigation stemmed from the George Floyd incident in the U.S. in 2020. Following the social climate at the time, PayPal high-profilely launched a $530 million funding program aimed at supporting businesses and communities owned by Black people and other minorities. However, this well-intentioned DEI program subsequently sparked strong accusations of "reverse discrimination." Previous lawsuits alleged that PayPal exhibited serious racial bias in implementing the program, such as prioritizing Black and Latino fund managers during the funding review process while excluding Asian applicants. The U.S. Department of Justice launched an investigation based on this, questioning whether PayPal's practices violated the "Federal Civil Rights Act" (which strictly prohibits creditors from discriminating against applicants based on race).

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Published:2026-05-12 14:26:14

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