Visa Monopoly News: US Government Sues Visa Over Alleged Debit Card Monopoly

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The US Department of Justice filed a lawsuit on Tuesday, accusing Visa of unlawfully monopolizing the debit card processing market. The DOJ alleges that Visa has used its position in the market for over a decade to stifle competition, prevent the entry of new payment processors and force businesses to rely on Visa’s network.

ACCC Sues Coles and Woolworths Over Illusory Discounts

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The ACCC led by chair Gina Cass-Gottlieb has accused Coles and Woolworths of breaching Australian consumer law by offering false discounts on a range of popular grocery items. The regulator claims that both supermarkets inflated the prices of certain products temporarily, only to reduce them later and present them as part of promotional offers such as Prices Dropped or Down Down.