Fri. Feb 14th, 2025

DOJ Sues Visa over Debit Card Market Monopoly

The Department of Justice (DOJ) has filed a lawsuit against Visa, alleging the company is using anticompetitive tactics to maintain a monopoly in the debit card market. The lawsuit, filed in federal court in Washington, D.C., accuses Visa of entering into exclusive deals with retailers and banks, preventing them from offering cheaper alternatives to Visa’s debit cards.

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