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Tags: Money | cfpb | big tech | payment

Consumer Watchdog Orders Tech Giants Turn Over Information on Payment Systems

Consumer Watchdog Orders Tech Giants Turn Over Information on Payment Systems
(Bill Clark/CQ Roll Call via AP Images)

Thursday, 21 October 2021 11:29 AM

The Consumer Financial Protection Bureau (CFPB) on Thursday said it has issued a series of orders to tech giants to turn over information on their payment system plans in an effort to ensure adequate consumer protection.

The consumer watchdog said it has sent initial orders to Amazon, Apple, Facebook, Google, PayPal, and Square. The Bureau will also be studying the payment system practices of Chinese tech giants, including Alipay and WeChat Pay, the CFPB said in a statement.

© 2021 Thomson/Reuters. All rights reserved.


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The Consumer Financial Protection Bureau (CFPB) on Thursday said it has issued a series of orders to tech giants to turn over information on their payment system plans in an effort to ensure adequate consumer protection.
cfpb, big tech, payment
78
2021-29-21
Thursday, 21 October 2021 11:29 AM
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