Chasing Monopolies Not Same As Pushing Competition

The Department of Justice (DOJ) recently sued VISA, accusing it of illegally monopolizing debit markets. According to the DOJ, VISA violated Sections 1 and 2 of the Sherman Act by employing business practices that allegedly restricted competition. This is not the first time the DOJ has targeted VISA. In 2020, the DOJ managed to block VISA’s attempt to acquire Plaid, a financial technology startup.