On March 26, 2025, the House Financial Services Committee Subcommittee on Financial Institutions held a hearing, entitled “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.”...more
On January 15, 2025, days before the start of the Trump administration, the Consumer Financial Protection Bureau (CFPB) published a proposed interpretive rule (Proposed Rule) seeking public comment on how the Electronic Fund...more
1/24/2025
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Cryptocurrency ,
Digital Assets ,
Electronic Fund Transfer Act ,
FinCEN ,
FinTech ,
Proposed Rules ,
Regulation E ,
Rewards Programs ,
Stablecoins ,
Video Games ,
Virtual Currency
The digital age has ushered in innovative forms of entertainment and commerce, including through the development of in-game economies. In recent years, the digital landscape of gaming has expanded beyond mere entertainment,...more
7/10/2024
/ Anti-Money Laundering ,
App Developers ,
Bank Secrecy Act ,
Consumer Financial Protection Bureau (CFPB) ,
Contractual Safeguards ,
Convertible Virtual Currencies (CVCs) ,
Digital Media ,
EULA ,
FinCEN ,
In-Game Purchases ,
Intellectual Property Protection ,
Limitation of Liability Clause ,
Money Transmission Act ,
Non-Fungible Tokens (NFTs) ,
Online Gaming ,
Terms of Service ,
Virtual Currency ,
Virtual Goods
On April 4, 2024, the Consumer Financial Protection Bureau (CFPB) issued a report on “Banking in video games and virtual worlds” (Report). The Report focuses on the movement of money in virtual worlds and how gamer data is...more
4/15/2024
/ AML/CFT ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
FinCEN ,
Fraud ,
Online Gaming ,
Online Marketplace ,
Scams ,
Third-Party ,
Video Games ,
Virtual Reality