Consumer Group Calls for Action, Regulation of “BigTech” Payment Systems

Consumer Federation of America Says Fairness, Transparency Needed

In October, the Consumer Financial Protection Bureau (CFPB) announced it is examining “BigTech” payment systems to determine consumer protection issues that may require further regulation. Today, the Consumer Federation of America released its comments on the issue.

“We appreciate the CFPB’s careful examination of these largely unchecked BigTech Giants and hope that this…