CUNA filed a petition Friday with the Federal Communications Commission regarding the Telephone Consumer Protection Act, outlining how it can provide credit unions with regulatory relief from the onerous requirements for communicating with member-owners. In the petition, CUNA proposes two routes for providing credit unions with greater ability to communicate with consumers about information they want and need on their cell phone.
Stakeholders have until Aug. 28 to comment on an FCC notice of inquiry addressing the issue of robocalls to re-assigned phone numbers, which could impact credit unions making phone calls with certain equipment.
Consumers suffer when credit unions are forced to curtail communications with member-owners, as they cannot receive the information they need, CUNA wrote for a House subcommittee hearing on lawsuit abuse and the Telephone Consumer Protection Act.
CUNA seeks feedback from member credit unions on the TCPA and ways it may have adversely affected the way they can communicate with members. CUNA sent a survey to member credit unions to measure compliance burdens and costs.
CUNA staff outlined some of the requirements of the July 2015 TCPA order in a meeting this week with the staff of FCC Chair Ajit Pai, explaining how they are making it difficult for credit unions to communicate with members.
CUNA urged the FCC to reject a petition seeking adoption of a rule that would change the definition of “prior express consent” regarding the TCPA, because it fails to prove the FCC has exceeded its authority.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
The House Financial Services Committee passed 8 CUNA-supported regulatory relief bills Thursday. CUNA wrote in support of the bills prior to the markup, particularly one that would raise the CFPB's supervisory threshold to $50 billion.