The CFPB has taken steps to place Google under formal federal supervision, a move that could subject the company to regular insepctions.

The US Consumer Financial Protection Bureau (CFPB) is tasked with keeping financial institutions accountable to consumers, and stepping in to regulate where it sees the need. According to The Washington Post, the CFPB is working to place Google under its federal supervision.

The Consumer Financial Protection Bureau has started the process of placing Google under federal supervision, an action which could create new standards for how the federal government can oversee big tech if the effort is successful.

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

The Consumer Financial Protection Bureau (CFPB) is seeking to put Google under federal supervision, a move that could impose the same kinds of monitoring and inspections used on banks, The Washington Post reports.