Bipartisan Group of Senators Emphatically Call for More Competition in Credit Card System
November 20, 2024 — During a hearing yesterday in the U.S. Senate Judiciary Committee on promoting competition in the credit card network market, a bipartisan set of Senators reiterated calls to break Visa and Mastercard’s duopoly, discussed how high swipe fees hurt consumers and small businesses, and explained the need to pass commonsense legislation like the Credit Card Competition Act. Members from the Lower Credit Card Credit Fees Coalition also sent a memo to the committee emphasizing the need for urgent change in this industry.
New Economic Liberties Paper Outlines Effective Remedies to Break Up Google Search’s Monopoly and Restore Competition
November 18, 2024 — Following Google’s loss to the Department of Justice Antitrust Division in a case over its search monopoly, the American Economic Liberties Project today released a new paper laying out a detailed framework of structural and behavioral remedies to address Google's illegal monopolization of search markets and foster a fair, competitive digital ecosystem.
DOJ Moves to Block UnitedHealth Group’s Acquisition of Amedisys to Protect Patients and Workers
November 12, 2024 — In response to news that the Department of Justice Antitrust Division has filed a lawsuit to challenge UnitedHealth Group’s acquisition of Amedisys, a home health and hospice care provider, the American Economic Liberties Project released the following statement.
FTC Bags Another Merger Trial Victory, Blocking $8.5 Billion Tapestry-Capri Deal
October 24, 2024 — Following news that the Federal Trade Commission (FTC) has successfully blocked the $8.5 billion Tapestry-Capri merger—with US District Judge Jennifer Rochon issuing a preliminary injunction after ruling the deal would significantly reduce competition in accessible-luxury handbag market—the American Economic Liberties Project released the following statement.
As NY AG James Ramps Up Investigation into Capital One-Discover Deal, Federal Enforcers Should Follow Suit
October 24, 2024 — Following news that the New York State Attorney General Letitia James has asked the state supreme court to issue new subpoenas as part of an investigation Capital One proposed $35 billion acquisition of Discover Financial Services, the American Economic Liberties Project released the following statement.