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The CFPB wants to monitor Google like a bank as lines blur between Big Tech and finance

Article by Grace Broadbent  |  Nov 15, 2024
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The CFPB wants to monitor Google like a bank as lines blur between Big Tech and finance
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Digital Payments
Mobile Payments
United States

The news: The Consumer Financial Protection Bureau (CFPB) is reportedly trying to place Google under its formal federal supervision, per the Washington Post.

  • This would subject Google’s financial products like the Google Wallet to the same inspections and monitoring that the agency imposes on banks.
  • Google reportedly is resisting this move.

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