Justice Department Sues Visa for Monopolizing Debit Markets
U.S. Department of Justice · September 25, 2024
At a Justice Department press conference, senior DOJ officials announced a monopolization lawsuit against Visa, alleging the company violated Sections 1 and 2 of the Sherman Antitrust Act by using contracts and other practices to exclude rivals and extract billions in debit-network fees from U.S. merchants and consumers.
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