Consumer Financial Protection Bureau Says It Will Examine Tech Firms To Ensure Compliance With Funds Transfer, Privacy And Other Consumer Protection Laws
Portfolio Pulse from Benzinga Newsdesk
The Consumer Financial Protection Bureau (CFPB) has announced that it will examine tech firms to ensure they are in compliance with funds transfer, privacy, and other consumer protection laws.
November 07, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Apple Inc. may face regulatory scrutiny from the CFPB over compliance with funds transfer, privacy, and consumer protection laws.
Increased regulatory scrutiny could potentially lead to fines or changes in business practices, which could negatively impact Apple's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Google may face regulatory scrutiny from the CFPB over compliance with funds transfer, privacy, and consumer protection laws.
Increased regulatory scrutiny could potentially lead to fines or changes in business practices, which could negatively impact Google's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Alphabet Inc. may face regulatory scrutiny from the CFPB over compliance with funds transfer, privacy, and consumer protection laws.
Increased regulatory scrutiny could potentially lead to fines or changes in business practices, which could negatively impact Alphabet's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
PayPal may face regulatory scrutiny from the CFPB over compliance with funds transfer, privacy, and consumer protection laws.
Increased regulatory scrutiny could potentially lead to fines or changes in business practices, which could negatively impact PayPal's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75