The Consumer Financial Protection Bureau's (CFPB) eyes are on the gaming industry and the potential harm consumers may suffer from data security and privacy concerns....more
7/11/2024
/ Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
COPPA ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Gaming ,
Online Gaming ,
Regulatory Requirements ,
Security and Privacy Controls ,
State Privacy Laws ,
Video Games
The gaming industry has seen exponential growth over the past twenty years, transforming from a niche hobby into a mainstream cultural and economic juggernaut....more
On May 9, 2024, we published our first article in a series of articles on the CFPB's interest in gaming. Back on April 4, 2024, the Consumer Financial Protection Bureau ("CFPB") issued a report identifying various risks to...more
The line between virtual and reality is getting thinner. Gamers pay gaming companies real currency for virtual in-game currency to buy skins, create the world they want to live in (virtually), or purchase loot that aid in...more
5/9/2024
/ Banking Sector ,
Banks ,
Civil Investigation Demand ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
COPPA ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
FTC Act ,
Gaming ,
Information Reports ,
Money Transmitter ,
Online Gaming ,
Payment Processors ,
Regulatory Authority ,
Risk Assessment ,
State Attorneys General ,
Virtual Currency