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For Immediate Release
May 18, 2016
ABA Media Contact: John Hall
(202) 663-5473
Email: jhall@aba.com
Follow us on Twitter: @ABABankers​​

ABA Statement on Telephone Consumer Protection Act Senate Hearing

By James Ballentine, ABA’s executive vice president of congressional relations and political affairs

​“Consumers want to receive their financial information in ways they find most convenient. In today’s world, that means cellphones. Fear of TCPA litigation has unnecessarily led banks to limit, if not eliminate, communications that help consumers, such as fraud alerts and low balance updates. Congress needs to help create a better balance between protecting consumers and allowing the important communications consumers expect – and in ways they expect to receive it.”
 
The American Bankers Association is the voice of the nation’s $16 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $12 trillion in deposits and extend more than $8 trillion in loans.
 
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