Biden DOJ slaps Visa with antitrust suit over debit card dominance
WEB2 days ago · 09/24/2024 02:51 PM EDT. The Justice Department on Tuesday sued Visa, accusing the payments giant of illegally monopolizing the U.S. market for debit cards, stomping out rivals and inflating fees ...
Visa Faces an Antitrust Lawsuit by the Justice Dept.
WEB3 days ago · In 2020, it sued to block Visa’s $5.3 billion acquisition of the financial technology firm Plaid, arguing that the deal aimed to stamp out a young competitor. In that lawsuit, the Justice ...
U.S. Accuses Visa of Monopoly in Debit Cards - The New York Times
WEB2 days ago · By Lauren Hirsch and Danielle Kaye. Sept. 24, 2024, 2:30 p.m. ET. The Justice Department said it had filed an antitrust lawsuit against Visa on Tuesday, accusing the financial giant of unfairly ...
DOJ files antitrust suit against Visa over debit card business : NPR
WEB2 days ago · The Justice Department sued Visa Tuesday, accusing the company of illegally monopolizing the debit card market and therefore driving up prices for businesses and consumers. The lawsuit, filed in ...
A Visa monopoly? Department of Justice files antitrust lawsuit
WEB2 days ago · 0:31. The Justice Department has filed an antitrust lawsuit against Visa, accusing the company of running a debit card monopoly that imposed “billions of dollars” worth of additional fees on ...
Visa Sued by US in Antitrust Case Over Debit Card Markets
WEB2 days ago · The US Justice Departmentsued Visa Inc.Tuesday, alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the ...
Justice Department Sues Visa for Monopolizing Debit Markets
WEB2 days ago · The Justice Department filed a civil antitrust lawsuit today against Visa for monopolization and other unlawful conduct in debit network markets in violation of Sections 1 and 2 of the Sherman Act.. Filed in the U.S. District Court for the Southern District of New York, the complaint alleges that Visa illegally maintains a monopoly over debit network markets by using its dominance to thwart ...
Visa faces US DOJ antitrust case on debit cards, Bloomberg News …
WEB3 days ago · In 2023, the DOJ's antitrust division issued an investigative demand to Visa, seeking documents and information about its debit card practices in the U.S. and competition with other payment networks.
Visa Sued Over US Antitrust Violations in Debit Card Markets (1)
WEB2 days ago · The US Justice Department sued Visa Inc. Tuesday, alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry.. Antitrust enforcers alleged in a complaint filed in Manhattan federal court that Visa, which handles more than 60% of US debit transactions, entered into a series of ...
Visa Faces Justice Department Antitrust Case on Debit Cards - Bloomberg.com
WEB3 days ago · The US Justice Departmentplans to allege that Visa Inc.illegally monopolized the US debit card market, according to people familiar with the matter. The antitrust division is set to file a lawsuit ...