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🏦 🔍 #Google may soon be regulated like a bank! 💼 The US CFPB is exploring federal oversight to ensure fair practices in Big Tech. Could this reshape tech accountability? ▶️ https://t.co/DcVprMr5pa #BigTech #technews #antitrust #techregulation https://t.co/JugcZtSygh
The U.S. Consumer Financial Protection Bureau has taken steps to put Alphabet's Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant. https://t.co/4bJAEZsqDS
Google is facing the threat of government regulators supervising its financial services https://t.co/ucltOvqzBJ
The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly moving to place Alphabet's Google under formal federal supervision. This action, as reported by the Washington Post, could subject the technology company to the same rigorous inspections and monitoring that major banks face. The CFPB's initiative marks a significant regulatory challenge for Google, which has been increasingly scrutinized for its financial services and practices. The potential oversight aims to ensure fair practices within the tech industry, reflecting growing concerns about the influence of Big Tech on financial markets.