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CFPB Seeks to Place Google Under Federal Supervision

The move could subject Google to rigorous inspections similar to those imposed on major banks.

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Overview

  • The Consumer Financial Protection Bureau (CFPB) is reportedly working to bring Google under its federal supervision, according to sources familiar with the discussions.
  • Such supervision would allow the CFPB to access Google's internal records and subject the company to regular inspections.
  • Google has resisted this move during months of secretive talks, and both the CFPB and Google have declined to comment.
  • This development adds to Google's existing regulatory challenges, including potential business divestitures and antitrust cases.
  • The political landscape could shift with President-elect Donald Trump, who may alter the CFPB's approach and leadership.