Google is facing the threat of government regulators supervising its financ

[phillynews215]

• The Consumer Financial Protection Bureau could soon place Google under formal federal supervision.
• The move would empower the agency to monitor Google’s financial practices with users.
• Google has reportedly “fiercely resisted” the idea of such monitoring efforts.

What companies do you turn to for financial services? Obviously, banks and credit card companies make that list, as well stuff like insurance and investments. But do you even consider Google among that group? There’s a good case to be made for why you should, and now Google’s practices when it comes to financial services have reportedly caught the eye of government watchdogs.

The US Consumer Financial Protection Bureau (CFPB) is tasked with keeping financial institutions accountable to consumers, and stepping in to regulate where it sees the need. According to The Washington Post, the CFPB is working to place Google under its federal supervision.




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