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DOJ Probes Visa Debit Practices

March 23, 2021

The U.S. Department of Justice has informed Visa of its plans to open an investigation into Visa’s U.S. debit practices. While Visa has not yet received a Civil Investigative Demand, we have received a notice to preserve relevant documents related to the investigation. We believe Visa’s U.S. debit practices are in compliance with applicable laws. Visa is cooperating with the Department of Justice.

Visa stock went down more than 6% on the Friday session.

 

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