100 signatures reached
To: President Biden and federal regulators
Break up Big Tech!
Big Tech is trying to strengthen its chokehold on the economy by establishing control of payment systems. We can’t let the big tech platforms expand any further.
Why is this important?
Whoever controls payment systems — the part of the website that transmits your payment info to banks and other financial services — gets access to an extremely valuable commodity: consumer financial data. Information about what we buy, when, and where is a treasure trove. It helps Big Tech fine tune the targeted ads it feeds you, assess whether you pose a credit risk, and more.
The Consumer Financial Protection Bureau (CFPB) is investigating this very issue right now. We need to make sure the CFPB hears from Americans who refuse to let their private financial information fall into the hands of big corporations — and who will not let Big Tech crush small businesses, exploit workers, and expand their monopolies.
The CFPB must block Big Tech from owning payment systems! The last thing we need is for Big Tech to have access to more of our personal information.