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Visa, antitrust lawsuit
Visa slapped with a DOJ antitrust lawsuit
The Department of Justice (DOJ) filed an antitrust lawsuit against Visa. The lawsuit alleges that the financial firm holds a monopoly over debit network markets allowing it to charge banks and markets with exorbitant fees that get passed onto consumers and keep rival companies like PayPal and Square from competing on their level.
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 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.
6d
The DOJ sues Visa for locking out rival payment platforms
According to the complaint, Visa entered into paid agreements with potential competitors as part of an effort to fend off ...
American Banker
4d
DOJ's Visa debit suit threatens to upend revenue models
Interchange fees and financial incentives for merchants, banks and mobile wallets could come under pressure if the government ...
6d
This Is How Visa Raises ‘The Price of Nearly Everything,’ DOJ Says
Slapped with a lawsuit. The post This Is How Visa Raises ‘The Price of Nearly Everything,’ DOJ Says appeared first on ...
6d
DOJ goes after payment giant Visa with new antitrust suit
The US Justice Department went after Visa on Tuesday in a federal antitrust lawsuit alleging that the company illegally used ...
5d
on MSN
Nancy Pelosi's husband sold more than $500K in Visa stock ahead of DOJ action
Paul Pelosi, the husband of former House Speaker and current California Rep. Nancy Pelosi, sold 2,000 shares of Visa a few ...
5d
DOJ accuses Visa of debit monopoly, Floridians evacuate ahead of possibly major hurricane, Lady Gaga announces surprise album
After hearing that 8-year-old transplant patient Emerson Bayse loved pickles, Sarah Bryce, a chef at the Boston Children’s ...
6d
Visa Stock Slips as DOJ Suit Says Its Contracts 'Stifle Innovation'
Visa shares fell Tuesday as the U.S. Department of Justice filed an antitrust lawsuit against the payment processor.
6d
on MSN
DOJ set to sue Visa - one analyst shifts favored stock, another says buy
Citi analyst Andrew Schmidt shifted his preferred card network stock to Mastercard (MA) from Visa (NYSE:V) after a media ...
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