U.S. Capitol, Washington, D.C. U.S. Capitol, Washington, D.C. (Source: Shutterstock)

Google’s plans to roll out a checking-account service with Citigroup and a California credit union will likely meet with “stiff political opposition” amid consumer privacy concerns and rancor toward financial and tech companies, according to Cowen.

“There is a real debate about whether big tech or big banks are more politically toxic in Washington,” analyst Jaret Seiberg wrote in a note. “We don’t see how combining the two will make either less contentious.”

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