If you thought virtual reality was free from real-world regulations, think again. On April 4, 2024, the CFPB released an Issue Spotlight that dives deeply into a realm the agency had not previously traversed—video games and...more
4/18/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
Fiat ,
Financial Transactions ,
Fraud ,
Money Laundering ,
Online Platforms ,
Payment Systems ,
UDAAP ,
Video Games ,
Virtual Currency ,
Virtual Reality
In its May 2023 complaint, the FTC alleged that data broker Outlogic (formerly known as X-Mode Social) (hereafter Outlogic) had engaged in activities that violated Section 5(a) of the FTC Act (15 U.S.C. § 45(a)), which...more
2/13/2024
/ Consumer Financial Protection Bureau (CFPB) ,
Data Brokers ,
Data-Sharing ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
FTC Act ,
Healthcare Facilities ,
LGBTQ ,
Location Data ,
Location Privacy ,
Tracking Systems ,
Unfair or Deceptive Trade Practices
The Consumer Financial Protection Bureau (CFPB) has been at the forefront of discussions surrounding the evolving role of data brokers in today’s digital economy. In particular, Director Rohit Chopra recently announced that...more