Google Sues CFPB Over Supervision of Discontinued Payment Service

The tech giant argues the federal agency overstepped its authority by targeting a product no longer offered in the U.S.

Google filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) following the agency's decision to place its payment division under federal supervision.
The CFPB cited consumer complaints about Google Pay, a peer-to-peer payment service discontinued in the U.S. earlier this year, as justification for its oversight order.
Google argues that the CFPB lacks authority to supervise based on a retired product, asserting that the service no longer poses risks to consumers.
The CFPB raised concerns about Google's handling of errors and fraud prevention during the operation of Google Pay, citing nearly 300 consumer complaints.
The case highlights broader tensions over the CFPB's regulatory authority, with potential implications as the agency faces increasing legal and political challenges.