CNN —
Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment division under federal supervision.
In a copy of the lawsuit provided by Google, the company said the CFPB’s supervision would be a “burdensome form of regulation” imposed based on a “small number of unsubstantiated user complaints.” The CFPB’s decision related to a Google peer-to-peer payment product no longer offered in the United States.
The lawsuit, filed in the US district court in Washington, DC, comes after the CFPB published an order announcing supervisory authority of
→ Continue reading at CNN - Business News
