CFPB Asserts Supervisory Power Over Google Payments Division

CFPB Asserts Supervisory Power Over Google Payments Division
15 days ago

In a significant move that emphasizes regulatory scrutiny over tech giants, the Consumer Financial Protection Bureau (CFPB) has announced that it possesses supervisory authority over the payment unit of Google. This action signifies a deeper regulatory engagement with major technology firms that have ventured into financial services, ensuring consumer protection amidst the evolving landscape of digital finance.

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Goldman Sachs and Apple Agree to $89 Million Settlement Over CFPB Investigation

Goldman Sachs and Apple Agree to $89 Million Settlement Over CFPB Investigation
2 months ago

In a significant development within the financial sector, Goldman Sachs and Apple Inc. have reached an agreement to pay $89 million as part of an investigation initiated by the Consumer Financial Protection Bureau (CFPB). The inquiry primarily focused on allegations surrounding the practices of the Apple Card, a credit card issued by Goldman Sachs in collaboration with the tech giant.

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