The DOJ has filed a lawsuit against Visa, a major sponsor of the VCARB F1 team, for alleged antitrust violations.
The United States Department of Justice has launched a legal battle against Visa, a key sponsor of the VCARB Formula 1 team, alleging serious antitrust violations.Announced recently by Attorney General Merrick Garland, the DOJ accuses Visa of monopolistic practices in the debit transaction markets.
This monopolistic behavior, according to the DOJ, has allowed Visa to extract exorbitant fees from transactions, far exceeding what a competitive market would allow.Visa general counsel Julie Rottenberg has released a statement following the filing of the lawsuit, which reads:'Anyone who has bought something online, or checked out at a store, knows there is an ever-expanding universe of companies offering new ways to pay for goods and services.
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