The U.S. DoJ plans to sue Visa for allegedly monopolizing the U.S. debit card market through anticompetitive practices.

The U.S. Department of Justice intends to file an antitrust lawsuit against Visa, alleging the company has illegally monopolized the U.S. debit card market. The lawsuit will accuse Visa of engaging in anticompetitive practices, such as making exclusive agreements to obstruct rivals and hindering technology firms from entering the market. This follows a lengthy investigation initiated in 2021 after Visa's failed acquisition of Plaid.