Joint Trades Comment to the FCC on Robocall Mitigation Database

INTRODUCTION AND SUMMARY

The American Bankers Association (ABA), ACA International, American Financial Services Association, America’s Credit Unions, Bank Policy Institute (BPI), Consumer Bankers Association, Defense Credit Union Council, Electronic Transactions Association, Financial Technology Association, Mortgage Bankers Association, and Payments Leadership Council (collectively, the Associations) appreciate the opportunity to comment on the Federal Communications Commission’s proposal (Proposal) to strengthen the Robocall Mitigation Database.

The Associations strongly support the Commission’s continued efforts to use every available tool to protect consumers from illegally spoofed calls, including the current Proposal to strengthen the Robocall Mitigation Database. Fraudsters routinely use illegally spoofed calls to impersonate banks, credit unions, nondepository financial institutions, payment providers, government agencies, law enforcement, and other trusted organizations, causing substantial financial harm to consumers. A recent survey of banks indicates that these scams are on the rise.

Download the joint letter to read the full text.