Reported 14 days ago
The U.S. Department of Justice (DOJ) is set to sue Visa, alleging the company has unlawfully monopolized the debit card market. The lawsuit claims Visa has engaged in anticompetitive practices to maintain its dominance and deter competition. This legal action follows a 2021 investigation into Visa's practices and comes after a settlement involving Discover Financial Services accusing Visa of hindering competition.
Source: YAHOO