Trump DOJ Slams PAYPAL With $30M DEI Settlement

追加: 2026-05-20

[00:00:00]President Trump's Department of Justice is taking aim at corporate DEI programs, announcing a $30 million settlement with PayPal over what the administration calls race-based lending discrimination.

[00:00:11]I'm Adam nutshell. Now, check this out.

[00:00:14]Today, the United States Department of Justice Civil Rights Division is proud to announce a settlement with PayPal over its discriminatory 2020 program called its Economic Opportunity Fund, in which PayPal made $530 million worth of capital available as loans on a preferential basis only to minority-owned businesses. This, of course, discriminated against many other types of American businesses who are all entitled to the protection of the Equal Credit Protection Act, which we administer here at the Civil Rights Division. As part of the settlement, PayPal has agreed to create a new small business initiative, and in that, it's going to waive processing fees up to $30 million worth for $1 billion of transactions for businesses that are either veteran-owned or that are certified by the Small Business Administration as being small businesses in the fields of farming, manufacturing, or technology.

[00:01:16]Hey, I'm a veteran. I'll have to check that out. The DOJ says PayPal's 2020 Economic Opportunity Fund illegally prioritized loans and investments based on race and national origin, violating federal equal credit laws. Under the settlement, PayPal will end the program and launch a new initiative focused on veteran-owned businesses and SBA-certified companies in farming, manufacturing, and technology. Assistant Attorney General Harmeet Dhillon says the agreement proves race and national origin should not play a part in financial support decisions. The company will waive roughly $30 million in fees tied to $1 billion in small business transactions. The Trump administration says more investigations into corporate DEI programs could be coming as the White House ramps up its crackdown on what it calls discriminatory policies in corporate America. Like and subscribe and let us know in the comments what you think about the settlement and the future or lack thereof of DEI in America. Reporting for the Daily Wire, I'm Edward Szall.