WASHINGTON, D.C. – The Financial Technology Association (FTA) joined several other trade associations in filing comments with the Federal Communications Commission (FCC), urging the agency to finalize stronger numbering policies aimed at shutting down the tactics bad actors use to perpetrate illegal robocall scams.
The joint trades backed two key proposals: restricting phone number resale to a single level so accountability for calls stays traceable, and cracking down on number “cycling,” where scammers rotate through massive batches of numbers to dodge call-blocking. The comments cite an analysis showing six million calls placed from six million distinct numbers in just six days, all pushing the same loan scam script.
The trade associations sending the letter include: the American Bankers Association (ABA), American Financial Services Association, America’s Credit Unions, Bank Policy Institute, Consumer Bankers Association, Defense Credit Union Council, Electronic Transactions Association, and Financial Technology Association. Read the joint trades comment letter here.
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The Financial Technology Association (FTA) is a network of fintech industry leaders shaping the future of finance. We champion financial innovation and advocate for policies that expand competition, access, and opportunity.