The Justice Department has filed an antitrust lawsuit against Visa, accusing the company of running a debit card monopoly that imposed “billions of dollars” worth of additional fees on ...

Citi analyst Andrew Schmidt, who rates Visa at Buy with a price target of $319, weighed in on the possible antitrust lawsuit. “The next step following the complaint may be Visa’s response ...

Visa attempted to acquire the fintech startup Plaid with a $5.3 billion bid but the DOJ filed a lawsuit blocking the deal claiming the acquisition would eliminate a competitive threat that ...

In that lawsuit, the Justice Department said Visa had “dominated online debit for years” and “protected its monopoly with exclusionary tactics.” The companies abandoned the merger in 2021.

Visa is facing a new lawsuit from U.S. merchants over its payments network, adding legal pressure on the payment card giant after the U.S. Justice Department filed a major antitrust lawsuit ...

Visa is in the antitrust crosshairs. The US Department of Justice filed a lawsuit accusing the payments giant of illegally maintaining a monopoly.

Biden DOJ slaps Visa with antitrust suit over debit card dominance. Visa’s heft in the market has allowed it to pressure merchants into accepting its cards to avoid steep costs on billions of ...

The Justice Department is suing Visa, accusing it of pressuring merchants and partners to go along with debit card practices that stifle the payment giant’s rivals. Visa violated antitrust law ...

Regulators have had their eyes on Visa for a while. In 2020, the DOJ filed a civil antitrust lawsuit to stop Visa’s $5.3 billion acquisition of Plaid, a fintech company, arguing that Visa was ...

The lawsuit, filed in the Southern District of New York, says Visa handles more than 60% of debit card transactions in the U.S. and collects more than $7 billion in annual processing fees.