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.
U.S. Accuses Visa of Monopoly in Debit Cards
The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.
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.
US Justice Department accuses Visa of illegal monopoly that adds to the price of ‘nearly everything’
The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market.
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.
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.
DOJ: Visa debit monopoly impacts price of ‘nearly everything’
The Justice Department accused Visa of having an illegal monopoly over debit payments in a new lawsuit. The company, which operates the biggest payments network in the world, uses “exclusionary” agreements to smother smaller companies, the department said.
US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports
The U.S. Department of Justice plans to file a lawsuit against Visa , the world's largest payments network operator, alleging that the company illegally monopolized the country's debit card market, Bloomberg News reported on Monday.
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.
Is Visa a Monopoly?
The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling ...
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DOJ sues Visa over debit card market monopoly
The Justice Department (DOJ) on Tuesday filed a lawsuit against Visa, alleging that the company maintained an illegal monopoly over the U.S. debit card market. According to the DOJ's complaint ...
Buy Credit Card Stocks: Visa and MasterCard
When the Justice Department announced anti-competitive charges against Visa (V), it created a good buy price for investors.