Barneys Will Dole Out $525,000 In Racial Profiling Settlement

Barneys will pay after its security falsely accused two minorities of credit card fraud.

Barneys New York agreed on Monday to pay a $525,000 fine in a racial profiling lawsuit following claims that the high-end clothing store targeted blacks and Latinos for credit card fraud checks and additional monitoring, according to Reuters.

In October of last year, two shoppers were falsely accused of credit card fraud, which sparked anti-Barneys protests. People also pushed Jay Z to end his partnership with the company, where he was releasing his “New York Holiday” collection of bags, scarves, jackets and watches from luxury designers. All the proceeds of the collection went to the Shawn Carter Foundation, which provides scholarships to kids in need. Although Jay continued with the collab, Barneys canceled his launch party due to "unforeseen circumstances."

"Profiling and racial discrimination remain a problem in our state, but not one we are willing to accept," said New York's Attorney General Eric Schneiderman during Monday's settlement. "This agreement will correct a number of wrongs, both by fixing past policies and by monitoring the actions of Barneys and its employees to make sure that past mistakes are not repeated."

Barneys, who will now have to hire an anti-profiling consultant and re-train its employees, responded similarly:

"We are a truly progressive company that has absolutely no tolerance for discrimination of any kind."

Learn more about racial bias with MTV's "Look Different" campaign, where you can find out everyday ways to tackle it.