Google is pushing back against a potential federal plan to supervise its payment services, citing concerns over the impact on innovation and consumer choice. The tech giant argues that existing state and federal regulations are sufficient to ensure the security and integrity of its payment systems.
Tag: Payment Services
Google Resists Federal Oversight of its Payment Services
Google is pushing back against a potential federal regulation that would subject its payment arm to increased oversight. The company is arguing that its payment services are not systemically important and therefore should not be subject to the same level of regulatory scrutiny as traditional financial institutions.
Google Resists Federal Oversight of Its Payment Services
Google is pushing back against a potential federal oversight of its payment services, arguing that existing regulations are sufficient to ensure consumer protection. The company’s stance comes as lawmakers and regulators consider new rules to govern the growing fintech industry.
Google Resists Federal Oversight of its Payment Services
Google is pushing back against a potential federal plan to bring its payment services under stricter supervision, citing concerns over regulatory overreach and potential harm to innovation. The company’s payment arm, which includes Google Pay and other services, has grown significantly in recent years, and regulators are taking a closer look at the tech giant’s activities in the financial sector.