(THE HILL) -- Facebook is asking major U.S. banks for financial data in order to provide more online shopping services and to track consumer spending habits, The Wall Street Journal reported.
But according to the Journal, financial institutions are reluctant to partner with the social media network over privacy concerns. One bank has reportedly pulled out of discussions with Facebook because of the issue.
The news comes as Facebook struggles to fend off concerns that arose from a privacy scandal in which a political consulting firm obtained data on 87 million users without their knowledge.
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