By Adrianne Appel2025-01-13T19:39:00
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule aimed at protecting the privacy of the public when using novel digital payment systems, such as those offered by large technology platforms and video gaming companies.
The CFPB also issued a request for information to learn how Big Tech companies are–or are not–protecting consumer privacy.
Americans spend billions every year on immersive world video games, with the objective for many gamers to find unique loot. However, for gamers to attain these precious items they often have to buy in-game currencies. Financial institutions, and other companies engaged in payment transactions, are generally bound by strict privacy rules and rules to protect against fraud.
2024-11-21T18:30:00Z By Adrianne Appel
Big Tech digital payment apps will be subjected to increased oversight and requirements–similar to that of banks and credit unions–under a finalized rule by the Consumer Financial Protection Bureau.
2024-10-24T17:54:00Z By Adrianne Appel
Apple and Goldman Sachs have agreed to pay $89 million for alleged gross customer service failures related to Apple Card, the Consumer Financial Protection Bureau said.
2022-09-30T14:28:00Z By Neil Hodge
The EU’s proposed Cyber Resilience Act primarily puts pressure on tech manufacturers to ensure the cybersecurity of their products, but companies also have a duty of care to use the most secure products available.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
2025-09-29T19:09:00Z By Adrianne Appel
Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
Site powered by Webvision Cloud