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Regulation

Justice Department Files Antitrust Lawsuit Challenging Visa’s Planned Acquisition of Plaid

“The Justice Department filed an antitrust lawsuit Thursday that seeks to block Visa Inc.’s$5.3 billion deal to acquire Plaid Inc., a key player in the financial-technology space.The department brought the case in a Northern California federal court, alleging the deal would eliminate the nascent but significant competitive threat that Plaid poses to Visa in the […]
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Companies

Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department

“Visa Inc.’s $5.3 billion deal to buy a key player in the financial-technology space is in jeopardy because of antitrust concerns, according to people familiar with the matter. The Justice Department could decide soon whether it will sue to block Visa’s acquisition of Plaid Inc., a firm that provides the technological infrastructure underpinning an array […]
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Regulation

Justice Department’s Antitrust Chief Plans Shake Up for Stronger Enforcement

“On the financial front, the Justice Department’s oversight and enforcement has been fragmented for years, with areas like banks, credit cards, insurance and securities exchanges each being handled by different sections within the antitrust division. Mr. Delrahim said he is bringing all of these areas into one cohesive group, with the goal of combining internal expertise […]