Visa Reportedly Faces DOJ Antitrust Lawsuit Alleging Monopolization Of US Debit Card Market Amid Regulatory Crackdown
Portfolio Pulse from Kaustubh Bagalkote
Visa Inc. is reportedly facing a DOJ antitrust lawsuit for allegedly monopolizing the US debit card market. The DOJ accuses Visa of anti-competitive practices, including exclusivity agreements, following a long investigation. This lawsuit is part of a broader DOJ crackdown on monopolistic activities.
September 24, 2024 | 8:41 am
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Visa is facing a DOJ antitrust lawsuit for allegedly monopolizing the US debit card market. The lawsuit could impact Visa's market position and lead to regulatory changes.
The DOJ lawsuit against Visa for monopolistic practices in the debit card market is significant. Such legal actions can lead to fines, changes in business practices, and impact investor sentiment negatively. The after-hours stock price drop indicates immediate market concern.
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