Google is facing the threat of government regulators supervising its financial services
The US Consumer Financial Protection Bureau (CFPB) is tasked with keeping financial institutions accountable to consumers, and stepping in to regulate where it sees the need. According to The Washington Post, the CFPB is working to place Google under its federal supervision.
Google is being targeted for oversight by the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau has started the process of placing Google under federal supervision, an action which could create new standards for how the federal government can oversee big tech if the effort is successful.
For context, the CFPB was created in 2008 for better regulatory oversight of financial institutions. It describes itself as a ...
A report from a top news outlet put a damper on Google parent Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) stock on the second-to ...
The Consumer Financial Protection Bureau (CFPB) is taking steps to subject Google to the same federal oversight as major ...
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