Internet giant Google has said Friday it was suing the US Consumer Financial Protection Bureau over the agency’s decision to order federal supervision of Google Pay, the company’s payment arm.
“This is a clear case of government overreach involving Google Pay peer-to-peer payments, which never raised risks and is no longer provided in the US, and we are challenging it in court,” Google spokesman Jose Castaneda said in a statement.
Google claimed the agency’s order was based on a “small number of unsubstantiated user complaints” and arguing the supervision would be a “burdensome form of regulation.”
The lawsuit was filed in the federal district court in Washington, D.C., and argued that since the app at the center of the bureau’s order no longer exists, there is no risk to consumers, CNN reported.
