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DOJ accuses Visa of debit monopoly that affects price of 'nearly everything'
The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms.
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.
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.
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.
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
By Jody Godoy (Reuters) -Visa shares took a hit on Tuesday after the U.S. Department of Justice filed a lawsuit accusing it of violating antitrust law by suppressing competition by threatening merchants with high fees and paying off potential rivals.
16h
on MSN
DOJ will cooperate with Florida's probe into alleged second Trump assassination attempt: Garland
Attorney General Merrick Garland says the DOJ will cooperate with Florida in its independent investigation of an alleged ...
4h
Federal DOJ sues 2 northern Wisconsin towns over accessible voting machines
The U.S. DOJ has sued two northern Wisconsin towns accusing them of not having voting machines accessible to people with ...
16h
on MSN
FAA will notify DOJ if Boeing engages in any criminal activities
The head of the Federal Aviation Administration will tell a U.S. Senate panel on Wednesday that the agency will remain ...
17h
DOJ releasing Trump suspect's letter could encourage copycats: Pam Bondi
Former Florida Attorney General Pam Bondi reacts to Merrick Garland's response to the second Trump assassination attempt on ...
15h
AI, Compliance, And Corporate Accountability: DOJ’s New Guidance
The DOJ’s new AI guidelines set higher accountability standards, requiring companies to ensure AI systems are ethical, ...
1d
DOJ poised to sue Visa for antitrust violations
Justice Department lawyers have been investigating the payments giant since blocking the deal for fintech startup Plaid in ...
6h
on MSN
DOJ adds AI risks in guidance to evaluate company compliance programs
The Department of Justice has revised the guidance that prosecutors use when evaluating corporate compliance programs. Read ...
17h
Approval sought for $2.75M settlement in DOJ probe of Md. State Police
The Justice Department had been probing whether Maryland State Police’s hiring and promotional practices discriminated ...
19h
DOJ sues shipowner $100M over Baltimore bridge collapse
The Justice Department is seeking more than $100 million from the owner and operator of the ship that destroyed the Francis ...
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