The Consumer Financial Protection Bureau (CFPB) is initiating efforts to bring Google under federal supervision, potentially setting new standards for regulating big tech companies.
Director Rahit Chopra of the CFPB has been advocating for increased oversight of tech firms that provide financial services, aligning similar scrutiny to that of banks and financial institutions.
The CFPB's intentions to apply regular inspections to Google reflect a significant shift towards regulating major technology platforms that are involved in financial transactions.
The future of the CFPB's actions against Google may be influenced by changes in the political landscape, particularly with Donald Trump possibly returning to the presidency in 2025.
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