CFPB News & Analysis on Google's Payments Supervision
CFPB's Oversight of Google's Payments
The Consumer Financial Protection Bureau (CFPB) has announced an oversight decision affecting Google's payments arm. This comes after the discontinuation of the Google Pay app, yet the Bureau concluded its authority can still address past actions that might influence consumers.
Impact of the CFPB Decision
- The CFPB aims to ensure consumer protection in financial transactions.
- This move signals a growing concern over Big Tech's involvement in financial services.
- Future implications for other tech giants could emerge from this decision.
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