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PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday's complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America. Born to and raised by immigrant parents in the Deep South, Desai thought herself a good fit for PayPal's investment program, which the San Jose, California-based company announced in June 2020 to support Black and minority-owned businesses and help address economic inequality.

The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.

The online payment company says a brief technical issue has now been resolved.

Investors absorbed a fresh rush of earnings and waited for Alphabet to lead in the week's Big Tech results,

The director of the Consumer Financial Protection Bureau is slated to speak at DC Fintech Week on Wednesday.