Visa, Department of Justice
Department of Justice sues Visa, saying the card issuer monopolizes debit card markets
The U.S. Justice Department alleges that the financial services company uses its size and dominance to stifles competition.
Department of Justice Files Antitrust Lawsuit Against Visa
The complaint says Visa penalizes merchants and banks who don't use Visa's own payment processing technology to process debit transactions.
U.S. Justice Department Files Antitrust Lawsuit Against Visa For Monopoly In Debit Network Markets
In 2020, the U.S. Justice Department filed a civil antitrust lawsuit to stop Visa from acquiring Plaid, a technology company that powers fintech apps developing disruptive options for online debit payments. The companies abandoned their planned $5.3 billion merger.
Visa sued by Justice Dept., accused of debit card monopoly
NEW YORK (AP) — 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, costing consumers and businesses billions of dollars.
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
DOJ hits Visa with antitrust lawsuit over monopoly concerns
The U.S. Department of Justice has filed an antitrust lawsuit against Visa, alleging that the debit card corporation uses its dominance in the industry to conduct an illegal monopoly practice for debit card payments that costs businesses and customers billions of dollars.
Visa Hit with Antitrust Lawsuit Following DOJ Investigation
The Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, accusing the financial giant of maintaining a monopoly over debit network markets, as reported by Bloomberg. The lawsuit claims Visa’s control allows it to charge high fees to banks and merchants,
DOJ files lawsuit against Visa, alleging illegal monopoly over debit cards
The United States Department of Justice filed an antitrust lawsuit against Visa Tuesday, alleging the company maintains an illegal monopoly over debit cards. This comes after a bipartisan bill was introduced in Congress last year that aims to address Visa and Mastercard's near duopoly over the credit card market,
DOJ sues Visa, alleging card issuer monopolizes market
The complaint says Visa penalizes merchants and banks who don't use its payment processing technology to process debit transactions, even though alternatives exist.
Why Visa Is A Buy Despite DOJ Lawsuit
Visa's stock rallied despite a potential DOJ antitrust lawsuit, but valuation risks and DOJ accusations could impact future performance. Learn more on V stock here.
Visa Faces an Antitrust Lawsuit by the Justice Dept.
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.
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 ...
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 ...
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 ...
U.S. Justice Department files antitrust lawsuit against Visa over market dominance
The complaint states that more than 60% of debit transactions in the U.S. take place on Visa’s debit network, allowing Visa ...
Visa stock plunges as US Department of Justice files antitrust lawsuit alleging market dominance
The US Department of Justice has levelled antitrust charges against Visa, alleging that the payment giant has engaged in anti ...
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Justice Department Sues Visa for Monopolizing Debit Markets
Card network ‘has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market,’ ...