PayPal pays $30 million to settle DOJ probe over 'DEI' investment program

Published: 2026-05-12 11:04:18 ET PYPL

Published on 05/12/2026 at 11:04 am EDT

WASHINGTON, May 12 (Reuters) - PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "discriminatory," the U.S. Department of Justice said in a statement on Tuesday.

(Reporting by Katharine Jackson; writing by Susan Heavey;Editing by David Ljunggren)