Eager to be seen as taking action against the high prices it has helped bring on, the Biden-Harris administration is now targeting Visa’s debit card business.
Visa, of course, provides credit and debit card networks that make it more convenient for consumers to pay at the register, the gas pump, or the online checkout counter. It has little impact on the (sometimes horrific) prices consumers are paying. But the Justice Department's lawsuit against Visa, filed in late September, seeks to cast the company as a cause of the high prices consumers face because of the fees that Visa charges to various participants in its network, such as stores and banks.
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