Categorized | CFPB, customers, regulation

Google’s new regulator

Who knew that Google would fall under the helm of the  CFPB? Or will it? Adam Levitin, one of the expert witnesses that testified in last week’s CFPB hearing, took a moment to discuss the potential consumer protection issues prevalent in electronic payments that Google Wallet brings to the marketplace.

… I see a whole potential bramble bush of antitrust and consumer protection problems emerging from mobile payments.  Guess where those issues go…  It’s not going to be the FCC. Who knew that CFPB might end up regulating Google?

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