Newsroom

Consumer advisories

Published AUG 28, 2024

Consumer Advisory: Video games are targeting your children to get into your wallet

Gaming marketplaces increasingly mirror banking and payment systems but use design tricks to encourage spending, and our children are often the primary audience. Here are steps to help protect your family.

By Consumer Financial Protection Bureau

• • Advanced technology
• • Consumer complaints
• • Data
• • Electronic payments
• • Identity theft and fraud
• • Parents
• • Privacy
• • Virtual currency
• • Youth

Director's statement

Published APR 04, 2024

Statement of CFPB Director Rohit Chopra on Risks to Consumers in Video Gaming Marketplaces

CFPB Director Rohit Chopra provided a statement on the Banking in Video Games and Virtual Worlds report.

• • Advanced technology
• • Banking
• • Virtual currency

Press release

Published APR 04, 2024

Reporte de CFPB Identifica Riesgos en Video Juegos

La CFPB emite reporte examinando el crecimiento del comercio digital dentro de juegos de videos y mundos virtuales online.

• • Banking
• • Virtual currency

Press release

Published APR 04, 2024

CFPB Report Identifies Financial and Privacy Risks to Consumers in Video Gaming Marketplaces

The CFPB issued a report examining the growth of digital commerce in online video games and virtual worlds.

• • Advanced technology
• • Banking
• • Virtual currency

Director's statement

Published OCT 06, 2023

Prepared Remarks of CFPB Director Rohit Chopra at the Brookings Institution Event on Payments in a Digital Century

Over roughly a decade, digital payments, mostly conducted through mobile devices, rapidly became ubiquitous in China.

By Rohit Chopra

• • Advanced technology
• • Banking
• • Electronic payments
• • Financial service providers
• • Virtual currency

Speech

Published APR 25, 2023

Prepared Remarks of Director Rohit Chopra at the April 2023 Financial Literacy and Education Commission

Director Chopra delivered remarks at the April 25, 2023, meeting of the Financial Literacy and Education Commission.

• • Banking
• • Checking account
• • Electronic payments
• • Financial education
• • Financial service providers
• • Overdraft
• • Rulemaking
• • Virtual currency

Speech

Published MAR 30, 2023

Prepared Panel Remarks of CFPB Director Rohit Chopra, at the American Bar Association Spring Meeting

Director Chopra delivered prepared remarks at the American Bar Association Spring Meeting.

• • Banking
• • Competition
• • Virtual currency

Speech

Published NOV 17, 2022

Director Chopra’s Prepared Remarks to the Financial Literacy and Education Commission

CFPB Director Chopra’s remarks, as prepared for delivery, at a meeting of the Financial Literacy and Education Commission.

• • Consumer complaints
• • Financial education
• • Identity theft and fraud
• • Virtual currency

Press release

Published JUL 09, 2015

CFPB Outlines Guiding Principles for Faster Payment Networks

CFPB Wants to Ensure Consumer Protections Are Built Into New Payment Systems From Outset Today the Bureau outlined guiding principles for protecting...

• • Checking account
• • Electronic payments
• • Mobile financial services
• • Money transfers
• • Regulation E
• • Truth in Lending Act (TILA)
• • Virtual currency

Consumer advisories

Published AUG 11, 2014

Consumer advisory: Virtual currencies and what you should know about them

You may have heard about virtual currencies like Bitcoin, XRP, and Dogecoin. But what are virtual currencies?

• • Virtual currency

Press release

Published AUG 11, 2014

CFPB Warns Consumers About Bitcoin

CFPB Now Accepting Complaints on Virtual Currency Products and Services Today the Bureau issued a consumer advisory warning consumers about the risks of...

• • Virtual currency