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.

The CFPB aims to conduct more rigorous direct oversight of the tech firm, a major move that Google has resisted in the final months of the Biden administration.

CFPB to place Google under direct federal supervision, an escalation in the agency’s ongoing attempts to oversee financial services.

The Consumer Financial Protection Bureau has taken steps to place Google (NASDAQ:GOOG) (NASDAQ:GOOGL) under formal federal supervision, The Washington Post reported Thursday, subjecting the company to the regular inspections and other rigorous monitoring imposed on major banks.

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

With services like Google Wallet, and all the transactions processed through the Play Store, Google touches a lot of money that ultimately isn’t its own, and apparently the CFPB

The Consumer Financial Protection Bureau (CFPB) has taken steps to place Google under formal federal supervision, a move that could subject the company to the same inspections the government imposes on major banks.