CBA Statement on the FCC’s TCPA Vote

 

Washington, D.C. – Richard Hunt, President and CEO of the Consumer Bankers Association (CBA), issued the following statement in response to today’s Federal Communications Commission’s (FCC) vote related to clarifications of the Telephone Consumer Protection Act (TCPA):

“CBA member banks are committed to the spirit of the TCPA and go to great lengths to comply, but they are still facing stifling lawsuits.  We are disappointed with today’s FCC vote and are concerned about the inevitable chilling of beneficial consumer communications. Class Action attorneys appear to be today’s winners at the expense of consumers and well-meaning American businesses,” said CBA’s President and CEO Richard Hunt.

About CBA
The Consumer Bankers Association (CBA) is the trade association for today's leaders in retail banking - banking services geared toward consumers and small businesses. The nation's largest financial institutions, as well as many regional banks, are CBA corporate members, collectively holding two-thirds of the industry's total assets. CBA’s mission is to preserve and promote the retail banking industry as it strives to fulfill the financial needs of the American consumer and small business.

The Consumer Bankers Association is the recognized voice on retail banking issues in the nation’s capital. Founded in 1919, CBA provides leadership, education, research and federal representation on retail banking issues. For more information, please contact Maggie Seidel, mseidel@consumerbankers.com, (571) 447-0197 or visit www.consumerbankers.com.

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