The Consumer Financial Protection Bureau demanded that Apple Inc., Amazon Inc., Facebook Inc., Google and other tech firms turn over information about how they collect, use and sell consumers’ financial data.
The consumer watchdog agency on Thursday sent letters to the tech giants demanding the information, opening the door to potential rulemaking or enforcement actions. All of the tech companies contacted by the CFPB engage in consumer financial services.
“Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits,” CFPB Director Rohit Chopra said in a statement.
PayPal Holdings Inc. and Square ...
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