Visa (V) confirms U.S. Department of Justice plans to open investigation into its debit practices

March 19, 2021 4:18 PM EDT

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Visa (NYSE: V) disclosed:

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.

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