Google is taking up a part of the US authorities in court docket.
Particularly, Google is suing the Shopper Monetary Safety Bureau, per Reuters. The search engine firm determined to take the federal client watchdog to court docket after the company ordered supervision of Google Cost, the a part of the corporate that handles, effectively, person funds. In response to the CFPB, Google’s fee providers carry dangers for shoppers, reminiscent of potential fraud and mistaken transactions.
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One angle value noting is that Google really shut down Google Pay earlier this yr. That is seemingly central to Google’s protection of its conduct right here. In response to the corporate’s criticism, “a product that now not exists is incapable of posing such danger.” As such, Google would not really feel supervision (which might be related to what’s carried out for main banks and different monetary establishments) is required.
Regardless of this, the CFPB feels that Google’s fee providers might nonetheless pose a danger to clients, per TechCrunch. The CFPB is working off of virtually 300 buyer complaints. Google might not have performed something incorrect, however the CFPB clearly feels Google has performed sufficient to warrant supervision, and Google is not a fan of that.
It is also value noting that each one of this might go away as quickly as Donald Trump takes workplace once more in January, given his administration’s public friendliness with main tech figures.