Report: DOJ to File Antitrust Suit Targeting Visa's Debit Card Practices

The U.S. Justice Department reportedly plans to file an antitrust suit against Visa as early as Tuesday (Sept. 24).The agency plans to allege that the company illegally monopolized the U.S. debit card market through a range of anticompetitive acts, Bloomberg reported Monday (Sept. 23), citing unnamed sources.The Justice Department could not be reached by PYMNTS for comment outside of normal business hours.Visa did not immediately reply to PYMNTS’ emailed request for comment.The Justice Department’s case wil ...