PRESS PAUSE!: Major Banks Get Together to Ask FCC To Pause New Revocation Ruling– And its About Time!

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Pretty much daily right now I am on the phone with a Fortune 100 enterprise explaining the new TCPA FCC revocation rule. And over and over again I am being asked the same question: “How did everyone miss this?”

The answer: we didn’t.

Troutman Amin, LLP has been on this from the start.

We broke it down over a year ago. And as soon as the rule was published–nearly six months ago now-we let everyone know to save the date.

We even produced the most definitive review of the new rule and have since created a ton of resources– including the best one-sheeter on the rule you’ll ever see.

No wonder Google AI Loves us!

Still, not everyone reads TCPAWorld.com for some reason.

And the truth is pretty much every major trade organization missed this proposed ruling. R.E.A.C.H. did its best but, truthfully, the revocation rule is not really a lead gen issue (although it will have big impacts.)

But FINALLY some of the big enterprises out there are starting to wake up to the extreme consequences of the new rule and are starting to do something about it.

Last week, for example, the American Bankers Association, America’s Credit Unions, the American Financial Services Association and their counsel all met with Danielle Thumann, Senior Counsel to Chairman Brendan Carr and asked the Chairman’s office to press pause on the new revocation rule for one year.

While I am very pleased with this request I must say– its about time guys.

Hopefully other trades– looking at you RILA–will get in the game and set their own meetings here. Really massive impact on folks.

You can read the joint financial trade group ex parte here: Bank Ex Parte

We’re staying on top of this in the meantime. Hopefully we won’t have another last second stay!

In the meantime if you’re wondering who the other best TCPA defense lawyers in the top 10 are– check it out:

POWER RANKINGS: The Top 10 Best TCPA Defense Lawyers/Firms That YOU Should Be Talking to Right Now

Chat soon!

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Published by Eric "Czar" Troutman

The Czar of TCPAWorld Eric Troutman is one of the country’s prominent class action defense lawyers and is nationally recognized in Telephone Consumer Protection Act (TCPA) litigation and compliance. He has served as lead defense counsel in more than 70 national TCPA class actions and has litigated nearly a thousand individual TCPA cases in his role as national strategic litigation counsel for major banks and finance companies. He also helps industry participants build TCPA-compliant processes, policies, and systems. Eric has built a national litigation practice based upon deep experience, rigorous analysis and extraordinary responsiveness. Eric and his team feel equally at home litigating multibillion dollar telecommunications class actions in federal court as they do developing and executing national litigation strategies for institutions facing an onslaught of individual TCPA matters. They thrive in each of these roles – delivering consistently excellent results – while never losing sight of the client experience. While many firms now tout TCPA expertise, Eric has been there from the beginning. He built one of the country’s first TCPA-only defense teams and began serving as national TCPA counsel for his clients nearly a decade ago. This perspective allows him to swiftly develop the right litigation strategies for dealing with recurring problems, without wasting time on tactics that are bound to fail. Eric’s rich historical perspective and encyclopedic knowledge of the TCPA landscape also make him an invaluable resource to institutional compliance teams struggling to comply with the shifting regulatory landscape. No task is too small – or too big. Indeed, Eric and his team have helped build TCPA-compliant systems and processes for some of the largest and most complex corporate entities in the country. He commonly works with in-house compliance counsel to build and implement enterprise and business-line specific TCPA solutions, performs TCPA audits and drafts and reviews proposed TCPA policies and procedures. He and his team also have the technical expertise necessary to assist call centers seeking to develop TCPA-resistant call path architecture or to modify existing telephony and software integration to better insulate from potential TCPA exposure. Eric has built a reputation for thought leadership. An avid blogger and speaker, he has been at the forefront of the industry’s effort to push for clarity and a return to sanity for the TCPA for years. He was selected to advocate for the financial services industry on important TCPA issues before the Federal Communications Commission and co-authored the nation’s only comprehensive practice guide on TCPA defense. In his spare time, Eric leads defense teams representing banks and other financial services companies in consumer finance litigation matters. He has experience representing clients in UCC, TILA, RESPA FCRA, CCRA, CLRA, FDCPA, RFDCPA and FCCPA claims, as well as in fraud and bank operations issues.

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  1. Pingback: TCPA REVOCATION LESSON: Cenlar’s $714,000.00 TCPA Revocation Settlement Arrives Just In Time to Crystalize Risk – Law Ivy

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