02:40 PM EDT, 09/24/2024 (MT Newswires) -- The US Department of Justice on Tuesday filed suit in a federal court against Visa (V) for allegedly monopolizing the debit card market.

In its suit, the DOJ said it is bringing the action "to put a stop to Visa's exclusionary and anticompetitive schemes, unfetter the markets of Visa's unlawful monopoly, remedy the harm Visa has caused, deny Visa the fruits of its statutory violations, and prevent the recurrence of these violations ... in the future."

Visa did not immediately reply to a request for comment from MT Newswires.

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