Ajit Pai, Chairman of the Federal Communications Commission (FCC) yesterday announced that proposed rules governing robocalls would likely contain a “safety valve” in order to ensure that legitimate businesses like financial services companies can still reach consumers. The Commission passed the proposed rule this afternoon.
“We were looking to build a safety valve into our proposal. If there was a legitimate caller, we would allow the caller to file a complaint with the phone companies saying that you are inappropriately blocking my legal phone call,” Pai said during an interview with Fox News.
The original proposal did not have the safety valve language proposed by Pai.
AFSA has worked extensively with the FCC on the proposal seeking a dispute method like the one Pai proposed. The full text of the rule is not yet available. AFSA will review it carefully and update members appropriately.
Ajit Pai, Chairman of the Federal Communications Commission (FCC) yesterday announced that proposed rules governing robocalls would likely contain a “safety valve” in order to ensure that legitimate businesses like financial… Read the rest
Each year since the mid-1980s, the AFSA Education Foundation offers two important enrichment programs for employees of member companies. Registration for the 2019 edition of The EDGE program is now closed. However, there’s still… Read the rest
This week, AFSA’s State Government Affairs Team published their white paper on state payday lending databases. Many states have passed laws requiring payday lenders to submit information about their customers to a database system.… Read the rest
Join us today at 2 p.m. ET for Repo on the Rise: 3 things for motor vehicle lenders to consider today.
Every motor vehicle lender eventually hits a few bumps and potholes in the road when a debtor defaults on their car or truck loan. Not only is this… Read the rest
Consumer preference trends are having a significant impact on the auto industry. Manufacturers are adapting to these preferences while also making vehicles that are more durable as well as preparing for environmental regulations. These… Read the rest
The following is a follow-up from a webinar hosted by PayNearMe. For more information about AFSA Webinars click here.
When two things are closely related, we tend to trick ourselves into thinking the two are interchangeable. Wash your hands… Read the rest
AFSA on May 23 submitted a letter to the Office of Management & Budget (OMB) commenting on the joint standards for assessing diversity policies and practices. The letter specifically addresses the Consumer Financial Protection… Read the rest
The following is an op-ed by AFSA President and CEO Bill Himpler on new proposals and discussions to cap interest rates.
In Washington it’s not uncommon to have policy proposals that lack common sense. The same can be said for well-intentioned… Read the rest
AFSA yesterday submitted a comment letter to House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) in advance of today's hearing entitled Oversight of Prudential Regulators:… Read the rest
