US Consumer Watchdog to Scrutinize Big Tech Use of Payment Data

The biggest names in Big Tech are about to be subject to a new investigation, though not of a criminal nature or as result of a direct complaint. The Consumer Financial Protection Bureau (CFPB) wants to look over their handling of payment data, as a means of providing better protections against things like fraud and data breaches.

The move comes as something of a “reboot” for the consumer watchdog as it was largely kept dormant during the Trump administration and has recently appointed a new director.

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