Notice and Request for Comment Regarding the CFPB's Inquiry Into Big Tech Payment Platforms
| Published date | 07 December 2021 |
| Citation | 86 FR 69232 |
| Record Number | 2021-26562 |
| Section | Notices |
| Court | Consumer Financial Protection Bureau |
Federal Register, Volume 86 Issue 232 (Tuesday, December 7, 2021)
[Federal Register Volume 86, Number 232 (Tuesday, December 7, 2021)]
[Notices]
[Page 69232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26562]
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BUREAU OF CONSUMER FINANCIAL PROTECTION
[Docket No. CFPB-2021-0017]
Notice and Request for Comment Regarding the CFPB's Inquiry Into
Big Tech Payment Platforms
AGENCY: Bureau of Consumer Financial Protection.
ACTION: Notice; request for comment; re-opening of comment period.
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SUMMARY: On October 21, 2021, the Consumer Financial Protection (Bureau
or CFPB) ordered six large technology companies operating payments
systems in the United States to provide information about certain of
their business practices. Accompanying the orders, the Director of the
Bureau issued a statement and invited interested parties to comment on
the inquiry. The statement and request for comment was published in the
Federal Register on November 5, 2021, in a document titled, ``Notice
and Request for Comment Regarding the CFPB's Inquiry Into Big Tech
Payment Platforms.'' The Bureau has determined that a re-opening of the
comment period until December 21, 2021, is appropriate.
DATES: The end of the comment period for the document titled, ``Notice
and Request for Comment Regarding the CFPB's Inquiry Into Big Tech
Payment Platforms,'' published on November 5, 2021 (86 FR 61182), is
reopened from December 6, 2021, until December 21, 2021.
ADDRESSES: You may submit comments by any of the methods identified in
the notice.\1\
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\1\ See 86 FR 61182 (Nov. 5, 2021).
FOR FURTHER INFORMATION CONTACT: Amy Zirkle, Program Manager for
Payments & Deposits, (202) 435-7505. If you require this document in an
alternative electronic format, please contact
_____________________________________-
[email protected].
SUPPLEMENTARY INFORMATION: On October 21, 2021, the Bureau ordered six
large technology companies operating payments systems in the United
States to provide information about certain of their business
practices. The information will help the CFPB better understand how
these firms use personal payments data and manage data access to users
so the Bureau can ensure adequate consumer protection. Accompanying the
orders, the Director of the Bureau issued a statement and invited
interested parties to comment on the inquiry. The statement and request
for comment that published in the Federal Register stated that the
comment period would close on December 6, 2021. Allowing an additional
comment period will provide additional opportunity for the public to
prepare comments related to this inquiry. Therefore, the Bureau is re-
opening the comment period for this request until December 21, 2021.
The Bureau will also accept any comments that arrive between the time
the original comment period closed on December 6, 2021, and December 7,
2021.
Rohit Chopra,
Director, Bureau of Consumer Financial Protection.
[FR Doc. 2021-26562 Filed 12-3-21; 4:15 pm]
BILLING CODE 4810-AM-P
