Connect with us

Hi, what are you looking for?

Tech News

CFPB is reportedly trying to put Google under bank-like supervision

Illustration by Hugo Herrera / The Verge

The Consumer Financial Protection Bureau (CFPB) is seeking to put Google under federal supervision, a move that could impose the same kinds of monitoring and inspections used on banks, The Washington Post reports.

The CFPB’s concerns are not totally clear and the order may still change, according to the Post, citing two unnamed sources. Both the agency and Google declined to comment on the report. But, plenty could change once President-elect Donald Trump reassumes office in January and puts forward his own pick to lead the agency.

The CFPB was created in the wake of the 2008 financial crisis to protect consumers from unfair practices by financial institutions. While it already inspects more traditional finance businesses like banks,…

Continue reading…

You May Also Like

World News

A former deputy Palm Beach County sheriff who fled to Moscow and became one of the Kremlin’s most prolific propagandists is working directly with...

World News

“And there’s very few states that benefit like you do from fracking. I mean, you have 500,000 jobs.” — Former president Donald Trump, remarks...

World News

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

World News

DULUTH, Ga. — Former Fox News host Tucker Carlson warmed up the crowd at Donald Trump’s rally here Wednesday night with a dark metaphor,...