Earlier this year, we told you how the American Bankers Association was seeking exemptions from the FCC that would allow banks to get around a law that forbids businesses from robocalling cellphones without prior approval. Today, 60,000 consumers are telling the FCC to just say now to the banks’ request. [More]
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Banks Want To Robocall You When It’s Important, But Not Important Enough To Speak To A Human
By 1.8.15
Under the Telephone Consumer Protection Act, companies can’t robocall you on your cellphone unless you’ve given them prior consent to contact you at that number. Now the banking industry is trying to gain exemptions for this rule, claiming there are times when they just need to call your cellphone even though the need isn’t urgent enough to have an actual human make that call. They also don’t want to be penalized for robocalling the wrong number. [More]
Credit Card Delinquency Rate At Lowest Since Today’s College Students Were In Diapers
By 4.2.13
In spite of the fact that many Americans are still feeling the headache, nausea, and exhaustion from the Not-So-Great Recession, it looks like we’re becoming more responsible about paying our loans on time. According to a new report, the delinquency rate on bank-issued credit cards is now at its lowest since 1994. [More]
Bankers' Letter To Senate Against Credit Card Reform
By 5.13.09
The American Bankers Association sent a letter to Senators yesterday to voice their opposition to the credit card reform act. Their big thing is they say the bill will make it so there’s less credit available, and it will cost consumers more. Definitely something worth bringing up when we interview Austan Goolsbee, senior economic adviser to Obama, in DC tomorrow. Here’s the letter:
Bankers Say "Whoa There" To Credit Card Reform
By 5.13.09
Credit card reform is bad, says the American Bankers Association, an industry trade group. The ABA sent a letter around to Senators on Tuesday warning against credit card reform. They say that new regulation will mean credit card companies will have to cut off credit to some consumers completely “when they need it most.”
