Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach'
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Google has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) following the bureau's order for federal supervision of Google Payment Corp. Google claims this order represents government overreach.
December 06, 2024 | 11:00 pm
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Google is challenging the CFPB's order for federal supervision of its payment division, claiming it as government overreach. This legal action could affect Google's regulatory environment and operations.
The lawsuit against the CFPB indicates a significant legal challenge for Google, which could lead to increased regulatory scrutiny or changes in its operations. This may negatively impact investor sentiment in the short term.
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