Why the Justice Department says Visa has monopoly over debit playing cards
The Justice Department sued Visa on Tuesday, accusing the bank card enterprise of reaping massive earnings by shutting out rival cost processors and passing on prices to customers. CBS News authorized contributor Jessica Levinson joins to unpack the antitrust allegations and what they may imply for the credit score big.
CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s out there free to everybody with entry to the web and is the vacation spot for breaking information, reside occasions, unique reporting and storytelling, and packages from CBS News and Stations’ prime anchors and correspondents working regionally, nationally and across the globe. It is on the market on greater than 30 platforms throughout cell, desktop and related TVs at no cost, in addition to CBSNews.com and Paramount+ and reside in 91 international locations.
Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h
For video licensing inquiries, contact: [email protected]