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Consumer Protection Focus on Transactions on Gaming Platforms: CFPB, Litigation & Beyond (June 26)

Consumer Protection Focus on Transactions on Gaming Platforms: CFPB, Litigation & Beyond (June 26)

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Cooley partners Michelle Rogers and Teresa Michaud will discuss the Consumer Financial Protection Bureau (CFPB)’s 2024 report which examined the growth and privacy risks of financial transactions in online video games and virtual worlds, and the increasing litigation risk in this space. Regulators, including the CFPB, are sharpening their focus on the ways gaming services can resemble traditional financial products, with particular focus on the compliance management controls and infrastructure (or lack thereof) applicable to online transactions in nontraditional marketplaces. This presentation will cover the key findings profiled in the report, the increasing litigation activity in this space, and how this impacts the industry.

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Michelle L. Rogers

Partner

Cooley

Michelle is a highly respected financial services litigation and government enforcement lawyer. She is a trusted adviser to and first call for financial institutions in high-stakes litigation and enforcement matters, including government investigations, regulatory examinations, class action and complex litigation, and internal investigations. She is known for providing thoughtful and practical advice. Michelle’s clients appreciate her deep understanding of complex regulatory issues and ability to translate those concepts into operational terms, as well as her proactive approach to problem solving. A tireless advocate for her clients, Michelle is recognized in the industry for her experience and strategic thinking.

Learn more about Michelle L. Rogers here: https://www.cooley.com/people/...

Teresa Michaud

Parnter

Cooley

Teresa is an accomplished litigator who represents industry-leading companies on a range of cutting-edge disputes, including complex business disputes, class actions, intellectual property and international arbitration. Her practice focuses primarily on complex cross-border issues for the technology industry, and she has earned significant, precedent-setting wins on novel theories of liability for platforms, software, ecommerce and gaming companies. Throughout her multi-jurisdictional career, Teresa has successfully defended clients in courts and tribunals across the United States, England, Hong Kong and Singapore. She has managed contract and business tort disputes; consumer class actions involving consumer protection, false advertising, unfair business practices, data privacy and breach actions, wiretapping, and anti-gambling laws; copyright and trademark disputes; trade secret misappropriation; Section 230 of the Communications Decency Act; and the defense of other statutory and common law claims.

Learn more about Teresa Michaud here: https://www.cooley.com/people/...