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NEW YORK AP 鈥?In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.Apple Pay, Google Pay and other payment sys
stanley cup tems created by big tech companies now dominate large portions of e-commerce and person-to-person payments and CFPB Director Rohit Chopra is seeking more tr
stanley cup ansparency, as well as more details about what consumer protections have been put in place.The CFPB also raised potential antitrust concerns.Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits, Chopra said in a prepared statement.Before being confirmed as director last month, Chopra was a commissioner on t
stanley cup he Federal Trade Commission where he used his role to raise concerns about anticompetitive behavior at large technology firms. He also raised the issue during his confirmation hearing at the Senate Banking Committee as well, so his tougher stance on regulation is no surprise.The CFPB has rescinded or scaled back a number of policies put in place by the Trump administration. And the bureau is staffing up in anticipation of taking a more active role in regulation and enforcement, as it did during the Obama administration.In the past decade, technology companies have rolled out full-featured payment systems and networks like Apple Pay, AliPay and Google Pay, which are often hardwired i Lfst Most Democrats approve of Biden s leadership so far, even as country remains divided
BEIJING AP 鈥?U.S. climate envoy John Kerry told Chinas top diplomat on Tuesday that President Joe Bidens administration is very committed to stabilizing relations between the worlds two biggest economies, as the countries seek to restart high-level contacts.On his second day of talks in Beiji
stanley cup ng, Kerry met with the ruling Communist Party head of foreign relations Wang Yi, telling him Biden hoped the two countries could achieve efforts together that can
jordan make a significant difference to the world. READ MORE: As China struggles with heat, flooding and drought, employers are ordered to limit outdoor workTies between the countries have hit a historic low amid disputes over tariffs, access to technology, human rights and Chinas threats ag
stanley cup ainst self-governing Taiwan.In his opening remarks, Wang said the sides had suffered from a lack of communication, but that China believes through renewed dialogue we can find a proper solution to any problems. Sometimes, small problems can become big problems, Wang said, adding that dialogue must be conducted on an equal basis. That was an apparent reference to U.S. criticism of China aggressive foreign policy, rights abuses against Muslim and Buddhist minorities and travel sanctions against officials ranging from the Beijing-appointed leader of Hong Kong to the country defense minister.Coinciding with Kerry visit, former U.S. national security adviser and secretary of state, Henry Kissinger, arrived in Beij