Justice Department Sues Visa for Monopolizing Debit Markets [Video Content]

Today, the Justice Department filed a civil antitrust lawsuit against Visa for monopolization and other unlawful conduct in debit network markets in violation of Sections 1 and 2 of the Sherman Act. Filed in the U.S. District Court for the Southern District of New York, the complaint alleges that Visa illegally maintains a monopoly over debit network markets by using its dominance to thwart the growth of its existing competitors and prevent others from developing new and innovative alternatives.

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Justice Department Sues Visa for Monopolizing Debit Markets

Principal Deputy Associate Attorney General Benjamin C. Mizer Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

Attorney General Merrick B. Garland Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

Principal Deputy Assistant Attorney General Doha Mekki Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets