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Consumer Protection Agency orders US tech giants to hand over data on payment systems

October 21, 2021

Via: TechSpot

Request were initially sent to Apple, Amazon, Facebook, PayPal, Google and Square, the bureau said, and are pursuant to Section 1022(c)(4) of the Consumer Financial Protection Act.

Specifically, the bureau believes the information will provide insight into data harvesting and monetization practices. It’s possible, for example, that some big tech companies could be sharing payment data across product lines or selling information to data brokers and other third parties to help with ad and behavior targeting.

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