On August 28, the CFPB issued a Consumer Advisory warning that it believes video game companies are targeting children for monetary gain. With 45.7 million U.S. children engaged in video gameplay, the agency is concerned about the financial risks that games and virtual worlds pose, especially to young consumers. This Advisory highlights a growing focus on the game industry’s practices, which allegedly mimic traditional banking systems but lack corresponding consumer protections.
About
Skylar Stoudt is a law clerk in the firm's Washington, D.C. office.
Latest Post
More Posts
The CFPB Continues to Reshape Consumer Protection in the Digital Arena
Pennsylvania Amends Data Protection Requirements with Revised Breach Notification Act
DACA Recipient Accuses California Credit Union of ECOA Violations
CFPB and FTC Argue Consumer Reporting Companies Have an Obligation to Correct Errors in Joint Amicus Brief
Minnesota AG Bans Tribal Lender from Doing Business within the State
OCC Issues Bulletin on Risks Related to Venture Lending
About
Skylar Stoudt is a law clerk in the firm's Washington, D.C. office.