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The Verge

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Image Credit: The Verge

Google sues to stop the US from monitoring it like a bank

  • Google has filed a lawsuit to block the Consumer Financial Protection Bureau's (CFPB) order to place Google Payment Corp. under federal supervision.
  • The CFPB found that Google's error resolution and fraud prevention processes pose risks to consumers based on customer complaints.
  • Google argues that the order is based on unsubstantiated complaints about services that it no longer offers.
  • The company claims it is a case of government overreach and that Google Pay's peer-to-peer payments never raised risks.

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