Event
United States v. Visa (debit)
Filed in September 2024: the Justice Department alleges Visa unlawfully keeps a monopoly in U.S. debit networks. Visa denies it. The court refused to dismiss in 2025; fact discovery was moved to 29 January 2027 and no trial date was set at the last report we read.
- Dates
- 24 Sep 2024 –
Filed in September 2024: the Justice Department alleges Visa unlawfully keeps a monopoly in U.S. debit networks. Visa denies it. The court refused to dismiss in 2025; fact discovery was moved to 29 January 2027 and no trial date was set at the last report we read.
Connections 3
involved
- Visa defendant; denies the allegations Scholarship & press 1
- U.S. Department of Justice plaintiff; alleges the 60 percent share and $7 billion a year Scholarship & press 12
- U.S. District Court for the Southern District of New York the court; judge John Koeltl Scholarship & press 34
Timeline 1 date
- 24 Sep 2024 – United States v. Visa (debit)
Proof 4 sources
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Justice Department accuses Visa of debit network monopoly that affects price of ‘nearly everything’ (CNBC, via NBC News), CNBC, via NBC News, 24 Sep 2024.
Scholarship & press
Today’s lawsuit ignores the reality that Visa is just one of many competitors in a debit space that is growing, with entrants who are thriving
More than 60% of debit transactions in the U.S. run over Visa rails, helping it charge more than $7 billion annually in processing fees, according to the DOJ complaint.
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Visa debit case turns on market definition, lawyers say, Payments Dive, 10 Aug 2026.
Scholarship & press
Mastercard is a distant second, with less than a quarter of the debit-processing market, the lawsuit said.
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Visa, DOJ lawyers clash ahead of trial, Payments Dive, 20 Aug 2026.
Scholarship & press
No trial date has been set, although it is likely to be in 2028 based on the current case schedule.
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Visa delivers 6M documents to DOJ, Payments Dive, Sep 2026.
Scholarship & press
Magistrate Judge Sarah Cave moved an October deadline to Jan. 29, 2027
Page history 3 changes
- Second revision of Too Big to Fail: the FTC's 1917 finding, the 1952 report's seven firms, the 1984 hearing record, and corrected cards for Spirit, beef, tickets, Google and the final verdict05663c47
- Revise Too Big to Fail after the skeptic's review: read to 2 November 2026, a verdict card that separates findings from shares, the 1929 fight with its scandal and the board's stand, and sources for every cardc819f2cb
- Add the story Too Big to Fail: Standard Oil's stockholders, the phrase's origin in 1984, and market-by-market cases to November 2026aa9c434d
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