US EditionJustice Department accuses Visa of debit network monopoly that impacts price of ‘nearly everything'
- The U.S. Justice Department has filed an antitrust lawsuit against Visa, claiming it stifles competition in the debit card market and costs consumers billions.
- The DOJ's complaint states that 60% of debit transactions in the U.S. use Visa's network, generating over $7 billion in processing fees annually.
- Attorney General Merrick B. Garland stated that Visa unlawfully maintains excessive fees beyond competitive market rates.
201 Articles
201 Articles
Paul Pelosi sold over $500K in Visa stock before DOJ antitrust lawsuit: Report
Paul Pelosi, the husband of former House Speaker Nancy Pelosi, sold over $500,000 worth of Visa stock weeks before the U.S. Department of Justice filed an antitrust lawsuit against the credit card company. The sale raised concerns due to its timing and previous financial scrutiny on the Pelosi family. According to public records, Pelosi sold 2,000 shares of Visa stock in early July, with the value estimated between $500,000 and $1 million. The t…
Paul Pelosi's Timely Visa Stock Sale Raises Questions - Real News Now
In a move that has raised eyebrows, Paul Pelosi, husband to Congress Representative Nancy Pelosi, conducted a transaction involving Visa stocks valued between $500K to $1M. This sales transaction happened within a time frame just before the Justice Department initiated an antitrust suit against the global credit card company. BREAKING ?: The DOJ plans to open up a lawsuit against Visa saying they illegally monopolized the US debit card market P…
The U.S. Department of Justice filed a lawsuit against Visa on Tuesday, accusing the financial giant of monopolizing the debit card market for more than a decade. Here's what we know about the lawsuit: The department alleges that Visa took advantage of its dominant position to force companies to use its network instead of that of its competitors, obstructing the emergence of new alternatives. Visa, however, rejected the lawsuit as unfounded. Th…
September 25, 2024 | Nancy Pelosi’s Husband Sells Almost $1 Million Worth of Visa Stock Before DOJ Files Antitrust Lawsuit
Breitbart Paul Pelosi, the husband of Rep. Nancy Pelosi (D-CA), sold between $500,000 and $1 million worth of Visa stock, according to public records, just weeks before the Justice Department launched a lawsuit against the credit card company on Tuesday. The finding raises concerns that many members of Congress trade stocks based on information unavailable to the public. Seventy-six percent of voters believe congressional members and their spous…
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