Tag Archives: visa

Cash or Credit? US Government Sues Credit Card Companies

The Department of Justice (DOJ) sued the three largest credit card companies on Monday, alleging anticompetitive practices. Specifically, the suit was filed against Mastercard, Visa, and American Express, alleging that the companies encourage merchants to prefer certain types of credit…

Prosecutors Offer ‘Snitch-Visa’ to Cooperating Terrorists

When prosecutors believe terrorist suspects have valuable information, and they are willing to cooperate, they will sometimes offer a "snitch visa" to secure their cooperation. The snitch visa program started after the World Trade Center attack in 1993 as a…