U.S. consumer watchdog to query tech giants over financial data -sources


FILE PHOTO The logos of Amazon Apple Facebook and Google in a combination photoFile Photo

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo

WASHINGTON (Reuters) - The U.S. consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to boost consumer protections and financial sector competition, according to two people briefed on the matter.

The Consumer Financial Protection Bureau (CFPB) plans to send the companies a 55-page request for information about how they collect, use and market consumer financial data, the people said, speaking on the condition of anonymity.

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