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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.
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.
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.
Visa Sued by US in Antitrust Case Over Debit Card Markets
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.
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.
What's wrong with Visa? US justice department files antitrust case
The antitrust lawsuit against Visa, filed in Manhattan federal court, marks the latest competition case from the Biden administration, which has adopted a more assertive stance on monopoly issues
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.
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."
5d
on MSN
Visa Stock Falls on Antitrust Lawsuit. The Case Could Weigh on Shares for a While.
The Justice Department’s antitrust division has sued the payments giant in Manhattan federal court over competition concerns.
5d
on MSN
Why Visa’s antitrust battle could be so worrying to Wall Street
There are more potential alternatives to Visa’s debit network in the event the company is penalized by the Justice Department ...
2d
Visa Hires Antitrust Heavyweights to Carry Out DOJ-Misunderstands-the-Market Defense
"Anyone who has bought something online, or checked out at a store, knows there is an ever-expanding universe of companies ...
6d
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.
5d
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 ...
New York Sun
3d
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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