Should Banks Be Allowed to Robocall Your Cell Phone? Posted by AVCU on 10:37 AM

That's the question debated in a DailyFinance.com article addressing the ABA favors doing so, and how opponents argue against it.

According to the Telephone Consumer Protection Act (TCPA), it's illegal to robocall a mobile phone number without permission.The ABA is lobbying to change that in order for banks to immediately  notify accountholders when their personal identifying information has been breached. Similarly, the other exemptions petitioned by the ABA include notification when an account has been compromised or fraud is suspected and when an institution wants to share information that may help remedy fraudulent activity.

Opponents argue that "the proposed changes that the FCC is considering will open the floodgates for 'wrong number' calls to cell phones. This would not only be an improper interpretation of the TCPA, but it would gut essential privacy rights of cell phone users." While the ABA stated that the calls will not eat up mobile phone users' minutes, opponents contend that "banks have not yet demonstrated or explained how they could guarantee that these calls would not impact recipients' phone bills."

Read the entire debate in the DailyFinance.com article.