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Google contests CFPB supervisory designation, asserting ‘numerous legal defects’
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Consumer Protection, Government Oversight, Industry Regulation, Nonbank Financial
Tuesday, December 10, 2024
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Days after the Consumer Financial Protection Bureau (CFPB) issued an order establishing supervisory authority over Google Payment Corp. (GPC), the Google LLC subsidiary filed suit against the CFPB in the U.S. District Court for the District of Columbia. The tech company claimed the bureau attempted to coerce GPC into not contesting the designation with the threat of negative publicity.
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