Citigroup is asking a federal judge to toss a consumer fraud lawsuit that the New York state attorney general filed, saying it's premised on an "imaginative theory" of banks' liabilities to wire fraud victims.
The Federal Trade Commission is sending nearly $62 million in refunds to sellers deceived by advertising and marketing claims made by online real estate business Opendoor Labs, Inc.
Maybe you — or even your pet — are an influencer. But did you know that scammers might target you with phony job opportunities? You might get a message on social media, supposedly from a recruiter or “brand ambassador manager” of a national company.
Today, the Consumer Financial Protection Bureau released a report on issues related to banking in video games and virtual worlds. The report examines some of the business practices involving gaming currencies and commerce on gaming platforms that seek to create walled-garden, virtual realities.
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a report examining the growth of financial transactions in online video games and virtual worlds. These platforms increasingly resemble traditional banking and payment systems that facilitate the storage and exchange of billions of dollars in assets, including virtual currencies.
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