<ul><li>Google has filed a lawsuit in response to the Consumer Financial Protection Bureau's decision to place its payment arm under federal supervision.</li><li>This supervision would subject Google to inspections for potential violations of the law, similar to major banks and financial institutions.</li><li>The CFPB cited complaints about Google's handling of erroneous transactions and failure to prevent fraud as reasons for the supervision.</li><li>Google argues that the CFPB's decision is based on a small number of unsubstantiated complaints and claims it is a case of government overreach.</li></ul>

Google pushes back against federal supervision of its payment arm

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