PayPal has agreed to create a new small business support program and waive processing fees worth $30 million after reaching a settlement with the Justice Department over practices the Trump Administration called “discriminatory” against white-owned small businesses and a form of “illegal DEI.”
The Hill reports that digital payments giant PayPal will launch the Small Business Initiative following a settlement this week with the DOJ that resolved concerns about its 2020 Economic Opportunity Fund, which was specifically designed to support Black- and minority-owned small businesses. PayPal created the Economic Opportunity Fund in 2020 with a…
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