Antitrust clouds are darkening over MasterCard and Visa.

In the wake of a controversial product announcement by Visa, both bank- owned associations have acknowledged receiving formal notices that their debit card rules are under investigation by the Federal Trade Commission.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.