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29 Apr 2021, 8:26 am by Kristian Soltes
Tech Giants Risk Squeezing Out Banks, French Watchdog WarnsBloomberg – April 29, 2021 Payment services run by Apple Inc., Google and Amazon.com Inc. may need monitoring as the tech giants’ largely unregulated financial products squeeze out those of banks, France’s competition authority warned. [read post]
22 Apr 2021, 10:46 am by Maryellen Fullerton
Natural Resources Defense Council, Inc. and about whether the government had changed its position since the Supreme Court decided to take up the case. [read post]
22 Apr 2021, 8:58 am by Kristian Soltes
With the approval during a marathon, partisan hearing, the more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet Inc’s (GOOGL.O) Google, Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O). [read post]
16 Apr 2021, 8:43 am by Kristian Soltes
Visa’s Incentives to Banks Examined In Justice Department ProbeBloomberg Law – April 8, 2021 (subscription required) The U.S. antitrust investigation of Visa Inc. is scrutinizing deals the company has with banks to entice them to process more online debit-card transactions over its network — spending that surged amid coronavirus lockdowns. [read post]
1 Apr 2021, 8:44 am by Kristian Soltes
The most recent target is Payoneer Inc., which announced its $3.3-billion SPAC merger last month. [read post]
25 Mar 2021, 8:06 am by Kristian Soltes
Department of Justice is probing debit card routing practices at Visa Inc. follows on a long history of such investigations and could portend a more serious attitude by regulators to address longstanding merchant complaints about network routing and pricing. [read post]
22 Mar 2021, 4:30 am by Deb Givens
  The Justice Department is looking at Visa Inc’s debit practices, the company said on Friday, after reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit-card market. [read post]
4 Mar 2021, 9:30 am by Kristian Soltes
Supreme Court’s decision that the so-called multilateral interchange fees set by Visa and Mastercard breached European Union rules on competition. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
Citi Loses Bid to Recoup Massive Mistake in Surprise RulingBloomberg Law – February 16, 2021 Citigroup Inc. unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon Inc. lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls. [read post]
21 Jan 2021, 6:16 am by Ediberto Roman
This column does not necessarily reflect the opinion of The Bureau of National Affairs, Inc. or its owners. [read post]
18 Jan 2021, 2:14 am by Deb Givens
The deal, which was proposed in January 2020, was scrapped to avoid protracted litigation, said Al Kelly, chairman and CEO of Visa Inc. [read post]