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JUSTICE DEPARTMENT ACCUSES VISA OF DEBIT NETWORK MONOPOLY THAT AFFECTS PRICE OF ‘NEARLY EVERYTHING'

cnbc.com4 min read

Summary from the TLDR newsletter

The US Justice Department has sued Visa for creating an illegal monopoly over debit payments by imposing 'exclusionary' agreements on partners and smothering upstart firms, resulting in consumers and merchants paying billions of dollars in additional fees.