Google is facing the threat of government regulators supervising its financial services
Google may soon be placed under formal federal supervision by the Consumer Financial Protection Bureau (CFPB), which is tasked with keeping financial institutions accountable to consumers. Google handles a lot of funds that it doesn't own and the CFPB has received hundreds of complaints over the years from consumers experiencing problems with billing through Google. Google has reportedly been pushing back as hard as it can against the inquiry as if things move forward, the bureau could gain unprecedented access to internal company records.