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Report: CFPB Aims to Place Google Under Formal Federal Supervision

  • The Consumer Financial Protection Bureau reportedly aims to place Google under formal federal supervision.
  • This move could subject Google to regular inspections and rigorous monitoring similar to what major banks experience.
  • The Department of Justice has also suggested considering structural remedies, potentially leading to the breakup of Google's core businesses.
  • The new administration under President-elect Donald Trump is expected to roll back some antitrust policies and may abandon the DOJ's efforts to break up Google.

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