On July 10, 2015, the Federal Communications Commission (FCC) released a 105 page omnibus declaratory ruling and order (“Order”) under the Telephone Consumer Protection Act (“TCPA”) that, among other things, permits banks and other financial institutions to call consumers on their wireless telephones using autodialer equipment and pre-recorded messages (“robocalls”) and also send texts without prior written consent in certain limited circumstances. The Order was effective upon its release.
Our fellow bloggers at the Financial Services: Regulation tomorrow blog reported on this matter in its post, Banks restricted in robocalls and texts to customer cell phones without prior consent.
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