Sunday, December 6, 2015

Bank and CU Trade Groups File Brief regarding Recent FCC Order

The American Bankers Association, the Credit Union National Association, and the Independent Community Bankers Association filed a friend of the court brief on Wednesday in an appeal of a recent order by the Federal Communications Commission (FCC) regarding the Telephone Consumer Protection Act (FCC).

In that order, the FCC granted four exemptions from the TCPA for data breach and fraud-related calls. However, the FCC also interpreted certain provisions in the TCPA in ways that will make it more difficult for banks and credit unions to send other valuable communications to their customers.

The brief argues that the order “severely restricts the ability of financial institutions and other callers to engage in useful, and often urgent, communications with their customers and members.”

The brief supported the petitions filed by nine industry members seeking a review of the FCC’s order by the D.C. Circuit Court of Appeals.

The brief described the types of messages financial institutions send to their customers and how the FCC’s order will prevent many of these communications from occurring.

Read the brief.

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