Word: doj
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...Department of Justice, that sheen of rivalry may be little more than a carefully maintained illusion. After examining Visa and MasterCard's overwhelming presence in the American financial market (the companies issue roughly 75 percent of the country's credit cards and enlist about 7,000 banks), DOJ lawyers have brought monopoly charges against the credit peddlers. In a case opening Monday in New York's District Court, the Justice Department will make a case that the card companies are in fact one monopolistic presence; according to the suit, Visa and MasterCard crush competition by blacklisting banks who offer cards...
...hotel or safari, the voiceover intones, "And they don't take American Express." The merchants in question, according to MasterCard and Visa detractors, don't take American Express (or anyone else's card) because they're under considerable pressure not to. In a class action lawsuit distinct from the DOJ case, 4 million retailers have joined in a suit against the companies, charging undue market control. Visa and MasterCard have a lot to lose as these cases progress: At the moment, the companies are on the take at both ends, charging credit card customers sky-high interest rates and leveling...
...There were, according to multiple accusations leveled against Domino's, neighborhoods where deliveries could not be made; drivers were afraid to venture into areas they considered dangerous, but which residents insisted were distinguished only by their black population. In one of the most blatant cases used to inform the DOJ case against Domino's, a group of black customers called to have pizza delivered to their middle-class Washington, D.C., neighborhood and were told they could not have the food delivered to their door - but a driver would meet them in the middle of the street with the pies. Domino...
...means that local franchises may not refuse to deliver to any area unless they can prove (using police crime reports) that the locale presents a real and present danger to Domino's drivers. The compromise, which simultaneously allows Domino's to settle without admitting any wrongdoing and keeps the DOJ's civil rights agenda on track, may be seen as an imperfect solution to a messy problem. "The Justice Department did the best it could under the circumstances, " says TIME legal reporter Alain Sanders. "The DOJ wanted to acknowledge that race cannot inform a delivery schedule, and concurrently signal that...
...correspondent Bernard Baumohl, although there are certain immutable red flags that signal monopoly power, the Justice Department and FCC each have their own way of doing things, which can be trying for companies who need the go-ahead from both agencies to continue a merger or acquisition. "While the DOJ maintains long-standing, black-and-white parameters to seek out monopolies, the FCC tends to undertake a far more subjective and changeable analysis," says Baumohl. AT&T, take note: While it's extremely rare for the FCC to challenge DOJ findings, the possibility is out there...