Law360, New York (May 02, 2012, 10:30 PM ET) -- Visa Inc. on Wednesday revealed that the U.S. Department of Justice is investigating potential antitrust violations in the company's response to debit card fee regulations in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The DOJ issued a civil investigative demand March 13 regarding Visa's PIN-authenticated debit card and its Fixed Acquirer Network Fee, according to a filing with the U.S. Securities and Exchange Commission.
The FANF, which Visa introduced recently to help regain some of the fee revenue it lost under the new regulations,...
Visa Faces DOJ Probe Over New Debit Card Fees
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