Good afternoon,
Attached please find NAFCU Vice President of Legislative Affairs Brad Thaler’s letter to the Senate Committee on Commerce, Science, and Transportation regarding credit union concerns with the FCC’s recent Declaratory Ruling and Order on the Telephone Consumer Protection Act (TCPA).
In the letter, Thaler wrote, “NAFCU appreciates the FCC’s effort to clarify and modernize its regulations. However, we believe that the FCC has hindered the ability of consumers to receive important notifications and timely updates about financial developments that will impact their existing accounts, on both mobile and residential phone lines. Unfortunately, the FCC’s Order will make it more difficult for credit unions members to receive critical information regarding their finances, which may unduly delay the discovery of fraud or identity theft.”
“We have urged the Commission to reconsider its action in regards to credit unions. We are pleased that the full House recently expressed these same concerns in report language accompanying the FY ‘17 Financial Services and General Government Appropriations bill.”
If you would like more information on this matter or would like to speak about this with a NAFCU expert, please let me know.
Thank you.
Falen Taylor
Communications Coordinator
National Association of Federal Credit Unions
Phone: 703-842-2235
ftaylor@nafcu.org