The lawsuit, which follows a pattern of scrutiny against Visa, highlights the pressing need to address how swipe fees contribute to consumer costs and market competition.
Merrick Garland emphasized that Visa's conduct extends beyond isolated pricing issues, affecting overall consumer costs, as these fees are often passed onto buyers by merchants.
The antitrust enforcement highlights efforts to dismantle Visa's agreements that stifle competition, following a history of regulatory scrutiny that Villa has faced since 2012.
The initiation of this lawsuit is part of a broader goal of the Biden administration, targeting issues that impact daily consumer prices ahead of the upcoming presidential election.
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