​CFPB May Place Google Under Federal Supervision – Tyler Durden

CFPB May Place Google Under Federal Supervision Washington Post reports the Consumer Financial Protection Bureau (CFPB) is moving to place Google under federal supervision, potentially subjecting the tech giant to strict monitoring similar to that imposed on financial institutions. Two people familiar with the situation said Google resisted the move to be placed under federal supervision, setting the stage for a potential legal battle with the CFPB. Formed after the 2008 GFC meltdown, the CFPB has broad powers to shield consumers from unfair, deceptive, or predatory financial practices. The reasons behind CFPB’s potential move remain unclear, and the agency’s future direction under…  — Continue at ZeroHedge News : Read More