Read more at The New York Times.
U.S. Accuses Visa of Monopoly in Debit Cards
Date: |
-
ABC News - Top stories
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 market10 minutes ago -
CBS News - Top stories
Why the Justice Department says Visa has monopoly over debit cards
The Justice Department sued Visa on Tuesday, accusing the credit card business of reaping big profits by shutting out rival payment processors and passing on costs to consumers. CBS News legal ...15 minutes ago -
CNBC - Business
Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’
Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.2 hours ago -
MarketWatch - Business
Why Visa’s antitrust battle could be so worrying to Wall Street
Visa’s stock falls as Justice Department launches suit. An analyst notes there are more potential alternatives to Visa’s debit network in the event the company is penalized.2 hours ago -
Financial Times - Business
US antitrust lawsuit accuses Visa of using dominance to shut down rivals
Payments company had ‘web of exclusionary agreements’ to shore up $7bn-a-year debit business, justice department says3 hours ago -
NBC News - Top stories
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 ...3 hours ago -
The Guardian - World
US sues Visa for monopoly on debit-card use affecting ‘price of nearly everything’
Government claims firm stifles competition by threatening merchants with high fees and pays off potential rivals. The US Department of Justice has sued Visa, accusing one of the world’s largest ...3 hours ago -
CBS News - Top stories
U.S. sues Visa for monopolizing market
The Department of Justice is suing credit card giant Visa for using its market dominance to stifle competition. Attorney General Merrick Garland said Visa tactics led to more costs for consumers.4 hours ago -
ABC News - World
US company accuses Mexico of expropriating its property on the Caribbean coast
An American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast4 hours ago -
ABC News - Tech
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 market5 hours ago -
The Hill - Politics
Justice Department accuses Visa of monopolizing debit market in antitrust lawsuit
The Justice Department sued Visa on Tuesday, accusing the credit card company of illegally maintaining a monopoly over the debit market. The DOJ argues that Visa has limited competition by ...5 hours ago -
ABC News - Tech
US sues Visa, saying the card issuer monopolized debit card markets and is driving up costs for businesses and consumers
US sues Visa, saying the card issuer monopolized debit card markets and is driving up costs for businesses and consumers5 hours ago -
CBS News - Top stories
Visa monopoly over debit cards hurts consumers and businesses, feds say
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege in a lawsuit.6 hours ago -
The New York Times - Business
Visa Faces an Antitrust Lawsuit by the Justice Dept.
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.9 hours ago -
Inc. - Business
Visa to Face Antitrust Suit Over Debit Card Market Monopoly
The suit follows a 2023 Department of Justice investigation of the card issuer's business practices.11 hours ago -
The New York Times - Business
Why the Justice Department is Targeting Visa
The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.12 hours ago -
BBC News - Top stories
Harry's US visa application will stay private, judge rules
A US think-tank had sought the release of the records after Prince Harry wrote about drug use in his memoir.17 hours ago -
MarketWatch - Business
Visa stock slips on reports that it faces Justice Department antitrust lawsuit
Visa Inc. stock fell 1.6% in after-hours trading Monday following reports that the payments giant faces an antitrust lawsuit from the U.S. Justice Department.Yesterday -
Financial Times - Business
California accuses Exxon of misleading public on plastic recycling
Allegations arrive as plastics play a growing role in supporting oil demandYesterday - California -
ABC News - Health
Feds bust Connecticut dealers accused of selling counterfeit pills throughout the US
Federal law enforcement officials in Connecticut have announced criminal indictments against seven people in a case they're calling one of the largest counterfeit pill busts ever in New EnglandYesterday -
BBC News - Top stories
Police Scotland accused of failing to act on 'whistleblowing' complaints
A female detective is taking legal action, claiming sexism and a failure to treat her complaints seriously.Yesterday -
ABC News - Tech
Google begins its defense in antitrust case alleging monopoly over ad technology
Google has opened its defense against allegations that it holds an illegal monopoly on online advertising technology with witness testimony saying the industry is vastly more complex and ...3 days ago - Google -
NBC News - Top stories
California firefighter accused of setting fires in wine country
A California firefighter was arrested on suspicion of arson in a series of small fires that burned in wine country in recent weeks, officials said Friday.4 days ago - California -
BBC News - Top stories
Fayed was 'a monster enabled by Harrods', says accusers' lawyer
Lawyers representing victims say the store should "take responsibility" after sexual abuse allegations emerge.4 days ago -
The New York Times - Sports
Autographed Caitlin Clark Card Sells for $84,000
The sale set a record for women’s basketball cards.4 days ago -
The New York Times - Health
F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices
The case takes aim at the major pharmacy benefit managers, agency officials said, claiming that they favored more expensive insulin products and forced patients to pay more.4 days ago -
Financial Times - Business
Lammy accused of diplomatic blunder in Substack blog post
UK foreign secretary suggested Azerbaijan had ‘liberated’ the disputed territory of Nagorno-Karabakh4 days ago -
The Wall Street Journal - Business
FTC Accuses Drug Middlemen of Inflating Insulin Prices
The Federal Trade Commission sued the drug middlemen that health plans use to keep a lid on drug spending, accusing the firms of inflating the price of insulin.4 days ago -
The Wall Street Journal - Business
FTC Accuses Drug Middlemen of Inflating Insulin Prices
The Federal Trade Commission sued the drug middlemen that health plans use to keep a lid on drug spending, accusing the firms of inflating the price of insulin.4 days ago -
BBC News - Top stories
McNally murder accused a master manipulator, court told
Stephen McCullagh is accused of murdering his pregnant partner in her Lurgan home.4 days ago -
BBC News - Top stories
Mohamed Al Fayed accused of multiple rapes by staff
Five women who worked at the luxury store say they were raped by the billionaire - BBC documentary reveals.5 days ago
More from The New York Times
-
The New York Times - Business
How Meta Distanced Itself From Politics
Ahead of November’s election, Meta has de-emphasized political content on Facebook, Instagram and Threads and doesn’t want to talk about candidates or campaigns.2 hours ago -
The New York Times - Business
China to Investigate U.S. Retailer, Sending a Message Over Xinjiang
PVH, which owns Calvin Klein and Tommy Hilfiger, is targeted for allegedly avoiding purchases from the region where the Chinese government has cracked down on Muslim minorities.9 hours ago - China -
The New York Times - Business
An East Coast Port Strike Could Shake the Economy
Businesses are preparing for a strike by dockworkers on the East and Gulf Coasts, which could begin Oct. 1 if negotiations don’t yield a new contract.5 hours ago -
The New York Times - Business
Rebecca Lobo Helped Build the WNBA. Now She’s Seeing It Flourish.
Lobo, one of the W.N.B.A.’s first stars, will now be broadcasting perhaps the most anticipated postseason in league history.15 hours ago -
The New York Times - Business
China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.6 hours ago - China