The DOJ has sued Visa for monopolizing the debit card market. More than 60% of debit transactions run on Visa, which squeezes $7B/year in processing fees from businesses and consumers. The Biden-Harris admin is standing up for consumers by standing up to corporate monopolies.
Go get em Joe! And then I remember how much IPO priced Visa stock I own😵
Best president of my lifetime Created fastest recovery in American history. Reduced poverty & household debt Is actually exercising our laws to address monopolistic corporate power
This is the perfect example of a system that would be run by a non-profit in a sane world. We only need one pipeline for processing transactions.
Hopefully they and Congress will tackle usurious CC interest rates next