The US ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/consumer-financial-protection-bureau” target=”_blank”>Consumer Financial Protection Bureau has withdrawn its efforts to supervise ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/alphabet” target=”_blank”>Alphabet‘s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/google-payment-corp” target=”_blank”>Google Payment Corp, a spokesperson for Google said on Thursday, marking a reversal of a Biden-era decision to monitor the nonbank financial platform. The watchdog announced in December that it was ordering federal supervision of Alphabet’s payment arm, a decision the company immediately said it was challenging in court.
Google will now drop its lawsuit since the CFPB has discontinued its supervision efforts, a spokesperson for the company said in an emailed…
