Principal Deputy Assistant Attorney General Doha Mekki Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

This afternoon, the Justice Department filed a monopolization lawsuit about a financial network we do not see but cannot escape. Every year, this financial network processes 157 billion debit transactions. Whether at the grocery store, the pharmacy, the gas station or online, millions of Americans give merchants their debit credentials, allowing them to pay for goods and services directly from their bank accounts. And for Americans of all stripes, they either need or prefer this payment option.

From the U.S. Department of Justice: Read More