Large tech companies in the United States are expected to receive a briefing request from Rohit Chopra, the new director of the Consumer Financial Protection Bureau, Reuters reported on Thursday (October 21), citing two sources with inside information.

Alphabet’s Facebook, Amazon and Google will each receive a 55-page questionnaire on how consumer information is collected, used and stored, the sources said. Other tech companies are also expected to receive request packages, including PayPal and Square.

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The request for information is part of a broader scope aimed at protecting consumers and their data as well as ensuring adequate competition in the consumer financial services space. It also comes just weeks after Chopra was appointed the new director of the monitoring agency.

“The regulator’s questions will pay particular attention to what companies collect, how they collect it and what they use it for,” one of the sources told Reuters.

Chopra, a former Democratic commissioner at the Federal Trade Commission, was confirmed by the Senate last month and has a reputation for being tough on tech companies. He was also instrumental in founding the CFPB ten years ago with Senator Elizabeth Warren.

Read more: Biden’s banking order backs data accessibility, but portability debate remains unresolved

The CFPB was started to oversee financial businesses, protect consumers, and eliminate problems before they become major problems, like the 2008 mortgage crisis.

President Joe Biden suggested in July that the CFPB issue regulations of the Dodd-Frank Act, which would make it easier for consumers to share and transfer their banking information with other financial institutions or third-party FinTechs.

The CFPB began last year to develop new mandates that would encompass consumer privacy and data breach liability. The new rules would also define the amount of data that can be collected and shared as part of an open store.

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Last month, the FinTech task force of the US House Committee on Financial Services met with testimony from industry experts. Finicity CEO Steven Smith testified and maintained that open banking has been a game-changer when it comes to data collection and privacy.

Open banking puts consent in the hands of consumers, giving them the power to decide where their data is shared and what details will be available.

Data privacy is about consent, Smith said, and as long as people can provide “clear and explicit consent,” they will be in control of where their data is used and for what purpose.

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