The Justice Department sued Visa on Tuesday, accusing the bank card enterprise of reaping massive earnings by shutting out rival fee processors and passing on prices to shoppers. CBS Information authorized contributor Jessica Levinson joins to unpack the antitrust allegations and what they might imply for the credit score large.
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supply
0:58 what this lady just said is the reason why rents are so high. and why in places where rent control is a thing why landlords want to raise the rent the way they do.
monopoly? why not go after blackrock then ????? this is all FAKE
isnt the reason many companies wont use AMEX is because they charge like 10%… kinda odd imo..
As a small business I know charge 3.5 percent for cards. Most my customers now pay through Zelle, Venmo and Cash. In the past I was paying thousands each year in fees.
And Nancy Pelosi’s husband just got rid of $500k stock of visa coincidence
Yeah the corner store charges another 55 cents just for using card.
90% of my swipes are AMEX and Discover. I may start swiping Visa again to help them with their alleged monopoly.
👀 As a Gen-X, I don't exactly remember when I first started using credit cards, but I know Visa & Mastercard have been around for A WHILE–since the late 80's. The fact that this lawsuit is just now surfacing is crazy to me. 😳
It’s funny because all my debit cards are MasterCard 😂
best security system wins. safety assurances in corporation warfare begets rewards. Kinda like, FBI hunting for fun, or maybe because of paid assurances. Much economic warfare like the whitest kids uknow sorta thing. It's just business on their sides. Part of entertainment at the moment, not like I should've been arrested 20 times in the past 28 years for being oddly escaping everything, devastating especially.
The US government is a Knight that promise the people they will slay the dragons who are greedy businesses, and then they proceed to only scratch the dragon as a warning
And water is wet .
Idk I want to call Bull sh*t. Why now ? Also who forced merchants to pass costs to customers. It’s all a mess and I’m sure Visa is not the only guilty party in the vast financial history of American conglomeracy
No CBS coverage of Paul Pelosi selling his Visa stock right before the lawsuit!
Coincidentally Paul Pelosi sold his stocks weeks before DOJ lawsuit. I wonder where he’s getting his stock tips from 🤔
How long have all corporations been involved in this behavior without any governmental interference?
Never pay anything to the visa card, no fee
Man, at this point, if the DOJ rules that I’m gay, I’m going to think that I AM gay 😂
My debit card isnt visa. Its master card. Why did usa not care for all my life but now they care?
The real question is why did Pulaski's husband dumped the stock right before the lawsuit. 🤔 🧐
oh!! so that’s why Paul Pelosi sold over 500k worth of Visa stock. 😮
Thank god the Pelosi’s sold their 2000 shares in visa stock just before this lawsuit. The luck they have.
Finally!
Not sure why this took so long.
Sue pharmacy benefit manager for paying pharmacies negative on brands drugs. And pbm force pharmacies to dispense brands even though generics are available for Medicare insurance.
i'm sure the right-wing media is gonna spin this as actually being anti-capitalist & bad for america or whatever
This is more of the same: powerful companies get caught stealing people's money, but no one goes to jail, they just pay a fine and you can continue doing the same thing later. This is the greatness of America.
Paul Pelosi dumped $500K in Visa stock. He must be a psychic!
Forget about visa, wb Pelosis man that sold 500k in Visa stocks days before they got sued?!
As a small business owner I can tell you payment processing fees add up. I pay close to 1,000 a mont in processing fees to Stripe
Over the ducking Olympics too! I had a mastercard and couldn’t buy anything!!
At one point people are gonna get tired of this extensive cooperate greed
So why is blackrock & vanguard not bring sued ?😂