By Adrianne Appel2023-04-28T19:22:00
Mastercard said it is under investigation by the Department of Justice’s (DOJ) Antitrust Division regarding the company’s debit card program.
In March, the DOJ delivered a civil investigative demand (CID) to Mastercard concerning its debit program and competition with other payment networks and technologies, the company said in a first-quarter filing with the Securities and Exchange Commission on Thursday.
The DOJ is probing whether Mastercard violated Sections 1 or 2 of the Sherman Antitrust Act, the company said. The Sherman Act gives federal agencies the power, under certain circumstances, to curb commercial activity that is viewed as anticompetitive.
2023-03-09T21:13:00Z By Adrianne Appel
Five corporate board members resigned after being flagged by the Department of Justice for potentially violating the antitrust provisions of the Clayton Act.
2023-01-05T22:10:00Z By Adrianne Appel
The Federal Trade Commission proposed a rule that would ban new and existing noncompete clauses by employers, claiming they stifle healthy competition, dampen wages, and raise the price of goods.
2022-04-06T20:07:00Z By Jaclyn Jaeger
The prompt self-reporting of any involvement in an antitrust cartel will be a key consideration going forward in receiving leniency from the Department of Justice.
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
2025-09-03T17:43:00Z By Adrianne Appel
The Federal Trade Commission (FTC) proposed an enforcement action against Disney for allegedly collecting personal information about children, and then threw salt in the wound by calling the company out in an alert emailed to an untold number of businesses.
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