The Unintended Consequences of Corporate Backpedaling The recent settlement between PayPal and the Department of Justice (DOJ) may seem like a victory for corporate America's critics.
However, upon closer examination, it reveals a more nuanced trend. The controversy centers on allegations that PayPal engaged in discriminatory practices against Black owned businesses through its 2020 program.
PayPal has sidestepped accountability by waiving $30 million in processing fees and launching a new initiative targeting veteran owned small businesses or those in farming, manufacturing, or technology.