{"id":14503,"date":"2026-05-12T20:05:33","date_gmt":"2026-05-13T00:05:33","guid":{"rendered":"https:\/\/www.startupecosystem.ca\/news\/paypal-settles-with-doj-over-minority-owned-business-program\/"},"modified":"2026-05-12T20:05:33","modified_gmt":"2026-05-13T00:05:33","slug":"paypal-settles-with-doj-over-minority-owned-business-program","status":"publish","type":"post","link":"https:\/\/www.startupecosystem.ca\/news\/paypal-settles-with-doj-over-minority-owned-business-program\/","title":{"rendered":"PayPal Settles with DOJ Over Minority-Owned Business Program"},"content":{"rendered":"<p>The Department of Justice (DOJ) has reached a $30 million settlement with PayPal concerning its program aimed at supporting Black- and minority-owned small businesses. The program, initially launched in 2020 as the Economic Opportunity Fund, aimed to invest $530 million into minority-owned businesses affected by the COVID-19 pandemic. Under the settlement, PayPal will shift its focus to a new Small Business Initiative, waiving processing fees for $1 billion in transactions for veteran-owned, farming, manufacturing, and technology companies. This settlement follows similar actions by the DOJ, including a recent $17 million settlement with IBM over diversity, equity, and inclusion (DEI) programs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Justice (DOJ) has reached a $30 million settlement with PayPal concerning its program aimed at supporting Black- and minority-owned small businesses. The program, initially launched in 2020&#8230;<\/p>\n","protected":false},"author":1,"featured_media":951,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1434],"tags":[4229,17951,413,17952,3840],"class_list":["post-14503","post","type-post","status-publish","format-standard","has-post-thumbnail","category-global","tag-dei-programs","tag-doj-settlement","tag-global-startup-news","tag-minority-business-support","tag-paypal"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PayPal Settles with DOJ Over Minority-Owned Business Program - Startup Ecosystem Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupecosystem.ca\/news\/paypal-settles-with-doj-over-minority-owned-business-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal Settles with DOJ Over Minority-Owned Business Program - Startup Ecosystem Canada\" \/>\n<meta property=\"og:description\" content=\"The Department of Justice (DOJ) has reached a $30 million settlement with PayPal concerning its program aimed at supporting Black- and minority-owned small businesses. 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