The Justice Department is reportedly investigating whether Visa's debit-card business is anticompetitive

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Visa is reportedly under investigation by the Justice Department over anticompetitive practices

Makan Delrahim, the DOJ's antitrust boss, has said under the Biden administration the department will continue to

. In the suit, the regulator alleged that Visa's acquisition was an effort to squash a competitor. The DOJ alleged that Plaid was working on a payments product that could be a substitute for debit cards.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thank you very much for your work

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines