Applauds FCC Vote to Issue Proposal Strengthening Call Authentication

“We applaud the FCC for voting unanimously to issue a proposal to tighten call authentication rules. The proposal requiring voice service providers that use a non-IP network to implement a caller ID authentication framework is a step that ABA has urged the Commission to take since 2022. Voice calls that impersonate banks and other legitimate businesses harm consumers and undermine those businesses' ability to communicate with their customers. While the FCC has made strides to limit criminal access to the nation’s calling network, bad actors have exploited this gap in our caller ID authentication framework to commit consumer fraud.

“Today’s FCC action is an important step forward in the fight against fraud, but more must be done to protect consumers. We continue to call for a national strategy coordinated by the federal government that brings all stakeholders together, including the private sector.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24.1 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.2 trillion in deposits and extend $12.7 trillion in loans.

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