DOJ Files Antitrust Lawsuit Against Visa Over Monopoly Practices

The U.S. Department of Justice has filed a major lawsuit against Visa, alleging anti-competitive practices and monopoly control over the debit card market. With Visa processing over 60% of U.S. debit transactions and collecting $7 billion in fees annually, the DOJ claims these practices lead to higher consumer prices. This legal action reflects a broader trend of increased scrutiny on corporations, aiming to promote competition and protect consumers amid rising inflation concerns.