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Google sues after Consumer Financial Protection Bureau orders supervision of its payment arm

The CFPB said on Friday that it has “reasonable cause to determine that Google has engaged in conduct that poses risks to consumers,” based on customer complaints about Google Pay.

The Consumer Financial Protection Bureau(CFPB) on Friday said it has ordered federal supervision of Google Payment Corp. after determining that it meets the legal requirements for such oversight. The CFPB monitors banks, credit unions and other financial institutions, and recently finalized a rule to supervise digital payment apps. On Thursday evening, president-elect Donald Trump took to Truth Social to announce that he was appointing former PayPal COO David Sacks as his “White House A.I.

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