Cfpb Orders Big Tech To Provide Their Payment System Plans
“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 release. “We have ordered them to produce information about their business plans and practices.” “The CFPB has the statutory authority to order participants in the payments market to turn over information to help the Bureau monitor for risks to consumers and to publish aggregated findings that are in the public interest,” the agency said in its statement....