The Hill
US · 2 hrs ago
✦ 78◉ Centre
PayPal to give up $30M after DOJ accusations of bias in favor of minority-owned businesses
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Accuracy 78/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
PayPal has agreed to a $30 million settlement with the DOJ over allegations that its Economic Opportunity Fund unfairly favored minority-owned businesses, and will launch a new initiative waiving processing fees on $1 billion in transactions.
PayPal to give up $30M after DOJ accusations of bias in favor of minority-owned businesses
PayPal is expected to launch a new initiative waiving processing fees on $1 billion’s worth of transactions at the value of $30 million after signing a Tuesday settlement with the Justice Department to resolve concerns about its previous commitment to support minority-owned businesses. In 2020, the company created the Economic Opportunity Fund with intentions to…
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