Google is suing this US government agency; says as a matter of common sense …

The US watchdog for consumer finance — Consumer Financial Protection Bureau (CFPB) — has announced that it was ordering federal supervision of Google Payment Corp, the internet giant’s payment arm, a decision that the company immediately said it was challenging in the court. CFBP said that it’s claiming supervisory authority over Google Payment Corp., as the agency extends its oversight of nonbank financial platforms.