ARLINGTON, Va.–While the FCC is saying it has taken numerous steps to stop robo-calls, NAFCU believes there is still a “lot left to do.”
Carrie Hunt, EVP and general counsel with the trade group, acknowledged the FCC has recently removed some of the uncertainty around what a credit union can and can’t do in contacting members under the Telephone Consumer Protection Act.
“We had been pushing and been hopeful at the end of the Trump administration that the FCC would issue some additional clarifications, but it did not,” said Hunt. “It left questions about what happens down the road. But, that said, credit unions are not in a bad place. There is more certainty. But the risk of more litigation is still there. Obviously, what needs to happen is the TCPA needs to be revamped. But that is not going to happen.”
Response to Bankers’ Statement
Meanwhile, as CUToday.info reported here, the Independent Community Bankers of America has called on NCUA to withdraw its proposal to expand the lending powers of CUSOs, which the ICBA referred to as “shadow credit unions” that are not regulated.
The bankers’ comment letter came as little surprise to NAFCU.
“The bankers will always push back against anything and everything that gives credit unions expanded power to serve members. It’s the usual bankers’ tactic,” said Hunt. “We support discourse and debate, but ultimately we support a strong NCUA and a strong regulatory regime for credit unions.”