Consumer Groups Call for Fairness in BigTech Payment Systems

65 Groups Call on Consumer Bureau to Take Action to Prevent Fraud

This week, 65 consumer, civil rights, faith, legal services, and community groups submitted comments to the Consumer Financial Protection Bureau (CFPB) in response to its inquiry into certain business practices of six large technology companies operating payments systems in the United States. The groups urged the CFPB to require person-to-person (p2p) payment providers to protect consumers from fraud and errors, and to…