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PayPal reaches $30 million settlement in DOJ probe over minority business program

By Thomson Reuters May 12, 2026 | 10:04 AM

(Corrects headline and first paragraph ​to clarify ‌that PayPal has reached a $30 million ‌settlement)

WASHINGTON, ​May ⁠12 (Reuters) – The ⁠U.S. Department of Justice said on ​Tuesday it had ⁠reached ⁠a $30 million ​settlement with ​PayPal in a ‌probe over an investment program ⁠created for black and minority-owned ⁠businesses ‌that was “unlawful” ⁠and “discriminatory.”

(Reporting ​by ‌Katharine Jackson; ​writing by ⁠Susan Heavey;Editing by David Ljunggren and Michelle ​Nichols)