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DOJ's Visa antitrust lawsuit alleges debit card company monopoly
The Justice Department is accusing Visa of running a debit card monopoly that has hiked fees for American consumers and businesses.
US Justice Department hits Visa with antitrust lawsuit over its debit-card business
Visa is in the antitrust crosshairs. The US Department of Justice filed a lawsuit accusing the payments giant of illegally maintaining a monopoly.
DOJ Readies Major Antitrust Case Against Visa's Debit Empire
Visa shares fell as much as 1.95 percent in post-market trading after news broke of the Justice Department's impending antitrust lawsuit.
Visa to Face Antitrust Suit Over Debit Card Market Monopoly
This move follows Discover Financial Services' unit, Pulse Network, settling a lawsuit in Texas earlier this year, which accused Visa of obstructing competition in the multibillion-dollar debit card network services market, causing merchants to pay higher fees.
Justice Department accuses Visa of monopolizing debit market in antitrust lawsuit
The Justice Department sued Visa on Tuesday, accusing the credit card company of illegally maintaining a monopoly over the debit market. The DOJ argues that Visa has limited competition by entering into exclusive agreements with merchants and banks that force most or all of their transactions to run on Visa’s network.
Visa taps hardened D.C. duo to battle US monopoly lawsuit
Visa has hired a pair of prominent Washington, D.C., antitrust lawyers to help it fight the U.S. Justice Department's new lawsuit accusing the payments giant of monopolizing debit card markets.
The Justice Department is Suing Visa for Allegedly Monopolizing Debit Networks
Visa has dominated the debit and credit card network space for years. The Justice Department is scrutinizing its practices.
Biden DOJ slaps Visa with antitrust suit over debit card dominance
Visa’s heft in the market has allowed it to pressure merchants into accepting its cards to avoid steep costs on billions of dollars of transactions, the DOJ says.
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market
US accuses Visa of monopolizing debit card swipes
"Visa's unlawful conduct affects not just the price of one thing, but the price of nearly everything," Attorney General Merrick Garland said.
Justice Department sues Visa for monopolizing debit card market
The U.S. Justice Department is suing Visa for monopolizing the debit card market while "charging significant fees and stifling competition."
2d
on MSN
Visa Stock Falls on Antitrust Lawsuit. The Case Could Weigh on Shares for a While.
Visa was trading lower Tuesday as regulatory concerns weighed on shares of the credit card company. Visa stock fell 3.6% to ...
1d
on MSN
Why Visa’s antitrust battle could be so worrying to Wall Street
Visa’s stock falls as Justice Department launches suit. An analyst notes there are more potential alternatives to Visa’s ...
New York Sun
7h
Pelosi Husband Sold Visa Stock Before Antitrust Suit: Report
Earlier this year, the Pelosis made nearly $4 million over a six-month period via investments Paul Pelosi made in Nvidia.
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Nancy Pelosi’s husband sold more than $500K worth of Visa stock — just weeks before DOJ’s antitrust lawsuit
Visa, the global payment network that facilitates credit and debit transactions, could be named in a federal antitrust ...
2d
Visa, Google, JetBlue: A Guide to a New Era of Antitrust Action
Below are 15 major cases brought by the Justice Department and Federal Trade Commission since late 2020, as President Biden’s ...
PBS
2d
WATCH: Garland announces antitrust lawsuit against Visa over debit card competition
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses ...
2d
The DOJ sues Visa for locking out rival payment platforms
According to the complaint, Visa entered into paid agreements with potential competitors as part of an effort to fend off ...
2d
Citi ditches Visa for Mastercard amid DOJ antitrust probe: is MA now the better investment?
Citi switches to Mastercard on reports of DOJ considering an antitrust lawsuit against Visa. Mastercard stock may be a better ...
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United States Department of Justice
Debit Card Markets
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