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Consumer Financial Protection Bureau moves to place Google under supervision

  • The Consumer Financial Protection Bureau (CFPB) is taking steps to place Google under formal federal supervision, subjecting the company to the same inspections as major banks.
  • The CFPB has been in talks with Google for months about the supervision order, which is yet to be finalized.
  • The exact concerns of the CFPB with Google are unclear, but it adds to Google's regulatory challenges in the U.S.
  • Google has recently lost a major antitrust trial and faces another trial over its advertising technology.

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