Federal regulators want to know what Big Tech is doing with your financial data
CBSN
The U.S. government wants major technology companies to explain how they're using customers' financial data, laying the groundwork for tighter privacy rules on mobile payment systems down the road.
The Consumer Financial Protection Bureau has ordered Apple, Amazon, Facebook, Google, PayPal and Square to reveal details of their proprietary payment networks, such as what data they collect and how they use it, how they resolve disputes and what consumer protections users have. It's the first significant action from the CFPB under its new director, Rohit Chopra, who helped launch the agency during the Obama administration.
The CFPB's order also raised antitrust concerns.
Bill Gates may not strike you as an actor, certainly not a comedic one. But he can be a funny guy, as evidenced by his 2018 cameo on "The Big Bang Theory." Even when he was arrested at the age of 21, his mugshot smile makes you think there was a lot more going on in that head than computer calculations. What was the offense? "It was driving from Albuquerque up to Seattle that I got three very serious speeding tickets," he said.
The Trump administration on Saturday imposed 25% tariffs on imports from Canada and Mexico, while adding an additional 10% levy on goods from China. The salvo, which President Trump had threatened even before returning to power earlier this month, underlines his willingness to use trade policy even against some of the U.S.' largest economic allies.
Dee Warner disappeared on a Sunday morning in the spring, just as the first crops were being planted in the farmland of Lenawee County, Michigan. Warner, 52, was living on a farm with her second husband, Dale Warner, and their one child together, then 9. The Warners ran three main businesses from their farm, and Dee Warner had four adult children from her first marriage — all living on their own.