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DOJ's Visa antitrust lawsuit alleges debit card company monopoly
The Justice Department is accusing Visa of running a debit card monopoly that has hiked fees for American consumers and businesses.
Visa accused of violating antitrust law with payment processing deals
The imposed a “web of exclusionary agreements” that penalize merchants who use alternative payment processors, the Justice Department said.
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 dollars of transactions, the DOJ says.
Visa slapped with a DOJ antitrust lawsuit
The Department of Justice (DOJ) filed an antitrust lawsuit against Visa. The lawsuit alleges that the financial firm holds a monopoly over debit network markets allowing it to charge banks and markets with exorbitant fees that get passed onto consumers and keep rival companies like PayPal and Square from competing on their level.
DOJ sues Visa for allegedly monopolizing debit card markets
The complaint says Visa penalizes merchants and banks who don't use its own payment processing tech to process debit transactions.
DOJ poised to sue Visa for antitrust violations
Justice Department lawyers have been investigating the payments giant since blocking the deal for fintech startup Plaid in 2021.
9h
Corporate Transparency Act deadline looms: It’s OK for small businesses to ask for help
LegalZoom surveyed more than 200 small business owners to understand their hesitations and obstacles in complying with the ...
JD Supra
2h
What Trustees Need to Know About the Corporate Transparency Act
According to the introductory paragraph of the guidelines issued by the Financial Crimes Enforcement Network (“FinCEN”) of ...
Opinion
4h
Opinion
Column: FTX customers shouldered ‘extraordinary’ costs in Bankman-Fried conviction, law profs argue
Customers whose money was frozen when crypto exchange FTX entered bankruptcy in 2022 suffered in at least two ways from the U ...
San Jose Inside
6h
Did Ash Kalra Water Down New ‘Lemon Law’ after Secret Meetings with Lobbyists?
A bill awaiting the Gov. Gavin Newsom's signature that makes it harder for California consumers to get refunds for defective ...
6h
Boca Raton buildings more than 90% leased after 4 law firm deals
DarrowEverett leased 2,866 square feet of office space as part of its expansion in South Florida, Starr said. DarrowEverett's ...
5h
on MSN
Tow truck driver run over trying to stop theft in co-worker’s vehicle, KY company says
The driver, identified by WLKY as Chris Skaggs, was returning to the Suburban Towing lot in Louisville around 1 a.m. Monday, ...
IFLR
19h
Delaware’s corporate law changes have mixed effects
David Bernstein of Goodwin Procter argues that by enabling boards of directors to delegate the responsibility of managing a ...
8h
Meta to Spurn EU’s Voluntary AI Safety Pledge Ahead of New Law
Meta Platforms Inc. is spurning the European Union’s voluntary artificial intelligence safety pledge that’s planned as a ...
1h
Healey signs law allowing Mass. to compete for federal funds with state savings dollars
Gov. Maura Healey signed legislation Tuesday that enables the state to use the interest generated off its multi-billion ...
4h
Meta will not immediately join EU's AI Pact ahead of new law
Meta Platforms will not immediately join the European Union's AI Pact, a company spokesperson said on Tuesday.
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