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MoFo Reenforcement The Enforcement Blog

#ThrowbackThursday: FTC Comments on the CFPB’s Foray into Mobile Financial Services, Emphasizing Its Extensive Consumer Protection Efforts in the Space, Including Enforcement Actions

Posted in CFPB, Enforcement Actions, Mobile Payments

In September 2014, Morrison & Foerster published the client alert “FTC Comments on the CFPB’s Foray into Mobile Financial Services, Emphasizing Its Extensive Consumer Protection Efforts in the Space, Including Enforcement Actions.”

Summary:

Earlier this month, the Bureau of Consumer Protection of the FTC submitted comments to the CFPB in response to the CFPB’s June 2014 request for information (RFI) on “how consumers are using mobile financial services to access products and services, manage finances and achieve their financial goals.” The CFPB’s particular focus for this RFI was how these products and services are used by, and affect, economically vulnerable consumers.

Click here to read the full alert.