ABIA Submits Comments Concerning the FTC's Regulatory Review of the Telemarketing Sales Rule
Yesterday, the American Bankers Insurance Association submitted comments to the Federal Trade Commission urging the Commission not to change its rules regarding use of pre-acquired account information, as the information provides a convenient way for consumers to be charged without having to continually repeat an account number for succeeding transactions. They also requested that the Commission not propose to require a record be kept of every outbound telemarketing call, as that would be extremely burdensome on sellers and telemarketers. Because it is in their interest to keep a record of some calls, they should be given the discretion to determine which records should be maintained. Read the full letter.
For questions regarding the Telemarketing Sales Rule, please contact ABIA's Kevin McKechnie.