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## 4PATRIOTS

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### **DOJ Goes After Visa**

The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, alleging the company has monopolized the debit card market by stifling competition through various anticompetitive practices. 

Visa, which processes over 60% of U.S. debit transactions, is accused of using its market dominance to impose high fees on consumers and merchants, effectively blocking lower-cost competitors from gaining traction. 

The lawsuit, filed in the Southern District of New York, claims these actions have resulted in billions of dollars in extra costs for consumers and businesses. Visa has contested the allegations, asserting its innocence and highlighting the competitive nature of the payment industry.

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