The Consumer Financial Protection Bureau (CFPB) has taken a significant step by issuing an order that establishes federal supervisory authority over Google. This decision is based on an alleged demonstration of consumer harm related to a product that Google no longer offers in the United States.

Matt Schruers, President and CEO of the Computer & Communications Industry Association (CCIA), responded critically to this development. He stated, "The CFPB has imposed ongoing supervisory authority on Google based on a defunct product. To enter such an order citing a peer-to-peer payment function that was discontinued months ago defies any possible rationale for consumer protection. This action oversteps and if sustained would set a troubling precedent."

This move by the CFPB has sparked debate about its implications for consumer protection and regulatory oversight, particularly when it involves products no longer available in the market.