Newsroom

March 23, 2023

NAFCU Networks offer insights into illegal robocalls, lending

NAFCU logoNAFCU Networks offer member credit unions and their staff a free online community to connect on industry trends, hot topics, concerns, and strategies. The Compliance, Risk & BSA Network has a new insight post on recent efforts from the Federal Communications Commission (FCC) to crackdown on illegal robocalls and robotexts. Additionally, the Lending Network announced a roundtable discussion happening next week.

The Lending Network Roundtable is happening Tuesday at 12 p.m. Eastern. The discussion will cover liquidity challenges in 2023, considerations for lending in a high interest rate environment, and ample opportunity for conversation and Q&A. To register for this free, virtual event, log in to the Lending Network and RSVP.

The insight post from NAFCU Regulatory Affairs Counsel Dale Baker provides compliance professionals with an update from the FCC’s March 16 open meeting, during which the commission adopted additional rules to combat illegal robocalls and adopted its first rules on combatting illegal robotexts.

Ahead of the meeting, NAFCU joined other organizations on an ex parte letter to the FCC providing recommendations for the commission’s Report and Order requiring providers to block texts purporting to be from numbers on a reasonable Do-Not-Originate list and make available a single point of contact for text message blocking complaints.

Log in to NAFCU’s Compliance, Risk & BSA Network now to learn more about how these rules could impact credit unions. NAFCU will continue its advocacy to ensure credit unions can contact their members regarding important, time-sensitive information.