Investing.com — The chair of the U.S. House Oversight Committee on Thursday requested that CEOs of five major travel and technology companies disclose whether they use surveillance pricing to increase consumer costs.
Representative James Comer, the Republican chair of the committee, sent letters to , , , , and expressing concern about the potential use of surveillance pricing algorithms and highly personalized consumer data.
In the letters, Comer stated that these practices may create opportunities for companies to weaponize personal data and pad their profit margins at the expense of providing transparency to consumers.
The companies have not yet responded to requests for comment on the matter.
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