ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

FCC Issues Order on TCPA Exemption for Debt Restructuring Calls

August 11, 2016
Reading Time: 2 mins read

The Federal Communications Commission issued final rules yesterday regarding non-telemarketing robocalls made to collect debts owed to or guaranteed by the United States. The final rules implement section 301 of the Bipartisan Budget Act of 2015, which exempted from the Telephone Consumer Protection Act’s prior consent requirements autodialed and prerecorded calls “made solely to collect a debt owed to or guaranteed by the United States.”

The final rules impose significant limitations on the use of the exemption – limiting such calls to three within a 30-day period, among other restrictions – and leave open the question of whether the exemption applies to loans owed to or guaranteed by Fannie Mae and Freddie Mac. The rules also extend the FCC’s existing rules regarding calls made to reassigned wireless numbers, such that a caller is liable, after the first call, for calls made to a number that no longer belongs to the distressed borrower.

“We’re pleased the FCC recognized that borrowers are best served if they can communicate with their lender prior to delinquency to prevent missed payments, receive offers for loan modifications and avoid default,” said ABA SVP Virginia O’Neill. “However, we’re disappointed that the Commission has imposed limitations on the exemption, which would prevent lenders from helping borrowers achieve those goals. These limitations are not authorized by the text of the statute and are inconsistent with the rules and standards of other federal agencies.”

ABA also criticized the Commission’s failure to clarify the status of calls made on Fannie Mae and Freddie Mac loans. “These borrowers should receive the same level of beneficial communications from their lenders as borrowers of other loans that are owed to or guaranteed by the federal government,” the association said. “We’re disappointed that the Commission failed to provide clarity on this important question.”

ABA and the Consumer Bankers Association filed a joint comment letter on the proposed rules, urging the FCC to apply the exemption as expansively as Congress intended, including to mortgage loans owed to or guaranteed by Fannie Mae and Freddie Mac. They also urged the Commission to harmonize its rule with well-established mortgage servicing practices and regulatory requirements. For more information, contact ABA’s Jonathan Thessin.

Tags: TCPA
ShareTweetPin

Author

Monica C. Meinert

Monica C. Meinert

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for executive communications at the American Bankers Association.

Related Posts

Google to use ABA resource to verify financial services ads

Google to use ABA resource to verify financial services ads

Compliance and Risk
October 20, 2026

Google announced the upcoming U.S. rollout of a verification program for financial services ads appearing on its platform, with the company using an ABA registry to ensure ads come from legitimate banks.

NAR: Pending home sales slipped in May

NAR: Pending home sales fell in September

Economy
October 20, 2026

Pending home sales in September decreased by 7.3% month-over-month and 11.3% year-over-year, according to the National Association of Realtors.

IRS issues guidance for ‘Trump Accounts’ for children

ABA offers recommendations for Trump account investment guidance

Human Resources
October 20, 2026

ABA recommended that Treasury make four changes to upcoming guidance to promote a workable and competitive trustee framework that also protects beneficiaries.

BIS: Stablecoins fail as ‘sound money’

ABA seeks revisions to proposed rule for licensing payment stablecoin issuers

Newsbytes
October 20, 2026

A Treasury Department proposal to implement the Genius Act should not allow nonbank entities to bring unregulated stablecoins into the U.S. market through intermediaries, nor should it constrain legitimate bank activities, ABA today.

House Republicans ask Fed to speed up bank merger application reviews

Acquisitions announced of banks in New York, Texas

Community Banking
October 20, 2026

Dime Commercial Bancshares to buy ES Bancshares in New York. Texas Banc Financial to buy Haskell Bancshares in Texas.

Construction spending decreased 0.3% in May

ABA DataBank: Housing starts continue to fall in September

Economy
October 20, 2026

ABA economists believe results are consistent with a sluggish housing market challenged by affordability concerns, labor shortages, and increasing input costs and suggests residential building activity could remain subdued in the face of elevated mortgage rates.

NEWSBYTES

Google to use ABA resource to verify financial services ads

October 20, 2026

NAR: Pending home sales fell in September

October 20, 2026

ABA offers recommendations for Trump account investment guidance

October 20, 2026

SPONSORED CONTENT

The Shift from Demographic Marketing

The Shift from Demographic Marketing

October 1, 2026
Meeting Ag Lending Goals Without Going It Alone

Meeting Ag Lending Goals Without Going It Alone

October 1, 2026
Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026

PODCASTS

Podcast: How community banks can keep farmers farming in turbulent times

October 14, 2026

Podcast: The birth of American money and how it triggered a revolution

October 8, 2026

Podcast: Creating seamless customer experiences

September 30, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.