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Dubai News Club > Tech > Google sues to stop the US from monitoring it like a bank
Tech

Google sues to stop the US from monitoring it like a bank

Press Room
Last updated: 2024/12/07
Press Room
Published: December 7, 2024
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The Consumer Financial Protection Bureau (CFPB) announced on Friday it had placed Google Payment Corp. under federal supervision, reports Reuters. Google reportedly filed a lawsuit to block the CFPB’s order, which could result in routine inspections and monitoring like those imposed on banks.

The agency found that Google’s error resolution and fraud prevention processes pose risks to consumers, citing consumer complaints about Google Pay Balance and Google’s peer-to-peer payments. Those…

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