Apple, PayPal Among Tech Giants Ordered to Reveal How Their Payment Networks Function

Apple, PayPal Among Tech Giants Ordered to Reveal How Their Payment Networks Function

3 years ago
Anonymous $BH0TGXkyPe

http://www.newsweek.com/apple-paypal-among-tech-giants-ordered-reveal-how-their-payment-networks-function-1641417

The Consumer Financial Protection Bureau (CFPB) is calling for transparency and more information from tech giants who have created their own proprietary payment networks, raising potential antitrust concerns.

CFPB Director Rohit Chopra has ordered Amazon, Apple, PayPal and other large businesses Thursday to disclose how their payment systems work and what consumer protections are put in place.

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