Justice Department Sues Visa for Monopolizing Debit Markets

 

The Justice Department

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Today, the Justice Department filed a civil antitrust lawsuit against Visa for monopolization and other unlawful conduct in debit network markets in violation of Sections 1 and 2 of the Sherman Act. Filed in the U.S. District Court for the Southern District of New York, the complaint alleges that Visa illegally maintains a monopoly over debit network markets by using its dominance to thwart the growth of its existing competitors and prevent others from developing new and innovative alternatives. Related: https://www.justice.gov/opa/pr/justic... https://www.justice.gov/opa/speech/pr... https://www.justice.gov/opa/speech/at... https://www.justice.gov/opa/speech/pr...