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Apple, Facebook targeted by consumer bureau in tech industry investigation

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The Consumer Financial Protection Bureau on Thursday ordered Apple, Facebook and other tech giants to turn over details on how they handle customer payments data, opening a new front in Washington’s crackdown on Silicon Valley. The CFPB also demanded information from Amazon, Google, PayPal and Square as part of the investigation, in the first big move by agency director Rohit Chopra since he took the helm of the bureau earlier this month. The companies at issue operate digital payments systems. The move sent a clear signal to Wall Street and…

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