In a letter to JPMorgan Chase CEO Jamie Dimon, Senator Marco Rubio expressed 'strong concern' over a reported partnership between the bank and TikTok parent company ByteDance.
on Wednesday, expressing "strong concern" over a reported partnership between the bank and TikTok parent ByteDance for developing in-app payment technology.and warnings from U.S. officials about national security concerns due to the company's data collection practices.
"As you are no doubt aware, ByteDance is controlled and directed by the Chinese Communist Party , meaning that data, including private information belonging to Americans and other foreigners, available to ByteDance is also accessible to Beijing," Rubio wrote. "It is outrageous that JPMorgan Chase would elect to join ByteDance in a partnership geared toward broadening and deepening the company’s, and as a result, the CCP’s, access to countless volumes of user data.
posed by TikTok and ByteDance, as well as warnings from FBI Director Chris Wray and Central Intelligence Agency Director William Burns about how Beijing can extract data and "manipulate content" through TikTok. The senator also referenced reporting that ByteDance had used private data to track American journalists through TikTok.
"With this in mind, you can imagine my alarm when reports recently emerged that JPMorgan Chase has partnered with ByteDance to produce ‘"a real-time payments infrastructure" for ByteDance that now allows its users "to be paid instantaneously and directly into their bank accounts at any day or time,"
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