Google pushes back against federal supervision of its payment arm

Quick Summary:

Such supervision would subject Google to the same inspections that the bureau conducts with major banks and other financial institutions for potential violations of the law.

The Consumer Financial Protection Bureau announced Friday that it was placing Google’s payment arm under federal supervision.

In response, Google filed a lawsuit seeking to block the move.

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Article Details

Author / Journalist: Anthony Ha

Category: Technology

Markets: United States

Topics: Google Consumer Financial Protection Bureau Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-07 @ 20:40:58 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Readers: 62 people read this story

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24201145

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