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PayPal has reached a settlement with the Justice Department that will resolve a federal investigation into a 2020 program designed to support Black and minority-owned businesses.

Some shit you should know before you dig in: If you’re unaware, PayPal launched its $530 million Economic Opportunity Fund in 2020 following the police killing of George Floyd in Minneapolis, with the program specifically designed to expand economic opportunity for Black and underrepresented minority-owned businesses and communities. Trump’s Justice Department has spent recent months aggressively investigating corporate DEI programs under the theory that race-conscious initiatives violate longstanding federal civil rights laws including the Equal Credit Opportunity Act (which prohibits creditors from discriminating against applicants based on race, color, or national origin).

What’s going on now: Under the settlement announced Tuesday, PayPal has agreed to drop approximately $30 million in processing fees on around $1 billion in transactions for eligible American small businesses that are veteran-owned or engaged in farming, manufacturing, or technology. The fee waivers will be administered through a newly created “Small Business Initiative” that PayPal has agreed to launch as part of the deal, and the program will not factor in the race or national origin of the business owners.

The Trump administration’s core accusation against PayPal was that by setting aside $530 million specifically for Black and minority-owned businesses, the company was effectively giving preferential treatment based on race and locking white business owners out purely because of their skin color.

Acting Attorney General Todd Blanche framed the settlement as a direct continuation of the Trump administration’s broader campaign against corporate DEI. “This Department of Justice is delivering on President Trump’s vow to root out illegal DEI from every corner of corporate America. American corporations are on notice: you will face our aggressive enforcement if you use race or national origin to discriminate against qualified Americans.”

Assistant Attorney General Harmeet K. Dhillon of the DOJ’s Civil Rights Division echoed that message. “With this settlement, PayPal agrees that race and national origin should play no part in determining which small businesses deserve its investment and financial support.”

Notably, PayPal did not admit any wrongdoing as part of the settlement, and the DOJ acknowledged in the agreement that it “has not made any determinations or findings regarding PayPal violating [the Equal Credit Opportunity Act] or any other federal law related to the economic opportunity fund.”