$7,000,000,000 in Fees Drained From Customers and Businesses Every Year by Visa in Alleged Monetary Monopoly: US Department of Justice

The U.S. Department of Justice (DOJ) is suing payments giant Visa for allegedly maintaining an illegal market monopoly to keep smaller competitors in check. In a press release, the DOJ says it’s filing a civil antitrust lawsuit against Visa, accusing the payments firm of illegally maintaining dominance over the debit network markets. Antitrust laws were […] source: https://dailyhodl.com/2024/09/29/7000000000-in-fees-drained-from-customers-and-businesses-every-year-by-visa-in-alleged-monetary-monopoly-us-department-of-justice/