CUNA joined several trade organizations in strong support of the Federal Trade Commission’s proposed rule to prohibit the impersonations—or providing the means to impersonate—government and businesses. The organizations urge the FTC to finalize the proposal as soon as feasibly possible, and once finalized, to initiate enforcement actions.
“We believe existing remedies are currently insufficient to stem the ever-increasing tide of impersonation scams,” the letter reads. “Bad actors regularly impersonate banks, credit unions, other financial service providers, healthcare companies, and other legitimate callers by illegally ‘spoofing’ phone numbers belonging to these businesses.”
The organizations also: