Jump to Content
ABA: The American Bankers Association
Compliance News

ABA Offers Staff Analysis of Newly Signed Traced Act

President Trump signed the Traced Act, which gives the Federal Communications Commission greater enforcement powers to combat those who place illegal automated calls and that directs the FCC to establish a call authentication framework. The new law also directs the FCC to issue regulations to ensure that banks and other callers have effective redress options if their calls are erroneously blocked by call-blocking services.

Thanks in part to ABA advocacy, the law as signed does not include a provision that would have assigned liability to banks and other businesses that call customer numbers that have been reassigned to another consumer. The Traced Act also does not expand the scope of the TCPA’s restrictions to capture calling equipment used by banks and other businesses to contact their customers, as envisioned in an earlier version introduced in the House.

ABA has made available a free, members-only staff analysis of the Traced Act. For more information, contact ABA's Jonathan Thessin.