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The U.S. consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to boost consumer protections and financial sector competition, according to two people briefed on the matter. The Consumer Financial Protection Bureau (CFPB) plans to send the companies a 55-page request for information about how they collect, use and market consumer financial data, the people said, speaking on the condition of anonymity.
Facebook's stock looks too cheap, argues this Wall Street bull.