Advanced Search

Volume 25 - Number 14

July 7, 2014

GAO Report Suggests CFPB Get Involved in Virtual Currencies

Late last month, the Government Accountability Office released a report on virtual currencies such as Bitcoin, including a recommendation that the CFPB identify and join existing interagency working groups to ensure that consumer protection issues are taken into consideration. “CFPB might be a relevant participant in a broader set of collaborative efforts on virtual currencies because virtual currency systems provide a new way of making financial transactions, and CFPB’s responsibilities include ensuring that consumers have timely and understandable information to make responsible decisions about financial transactions,” the GAO said. According to the report, CFPB officials said they are reviewing how the bureau’s consumer protection responsibilities are implicated by consumer use (or potential use) of virtual currencies. “CFPB officials said they ...

Subscribers to Inside the CFPB have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


This biweekly keeps mortgage executives on top of the onslaught of new legal and regulatory issues the industry has been seeing.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


Housing Pulse