US regulator looks to put Google under federal supervision, Washington Post says


FILE PHOTO: The logo for Google is seen at a Google store in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) 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.

Google has fiercely resisted the idea over months of highly secretive talks, the report said on Thursday, citing two people familiar with the discussions.

Federal supervision status can allow regulators access to a company's internal records.

CFPB and Alphabet declined to comment.

Google already faces government action that could force the company to divest parts of its business, as well as a court order to open up its mobile app store to competition.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Devika Syamnath)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Snowflake shares surge on rosy forecast, AI deal with Anthropic
Digital banks lead profitability gains among Brazilian lenders, says central bank
PayPal fixes outage that affected thousands worldwide
X's former top policy chief takes job with Elon Musk rival, Sam Altman
Alibaba integrates e-commerce platforms into a single business unit
US watchdog issues final rule to supervise Big Tech payments, digital wallets
Nvidia to build AI school in Indonesia, VP says
A Google PC running Android could be in the works
Factbox-US prosecutors demand Google divest Chrome to end search monopoly
South Korea's AI chip investor announces plan for share buybacks

Others Also Read