Geopolitics Alpha

Enhancing the Ability of Consumers To Control the Robocalls

Published . Updated .

GEOPOLITICS ALPHAEnhancing the Ability of ConsumersTo Control the RobocallsFISIGEOPOLITICS ALPHA

In this document, the Federal Communications Commission (Commission) modifies rules to ensure that consumers can revoke consent for robocalls they no longer wish to receive while continuing to receive those they still want. We also modernize our rules to ensure that consumers have clear, simple, and automated ways to revoke consent while streamlining callers' ability to process revocations. Specifically, we allow callers to interpret a revocation request as applying only to the specific category of informational robocalls to which the revocation was directed, allow callers to designate an exclusive means to revoke consent, and amend the exemption from the consent requirement for financial institutions to allow them to more easily alert customers to fraudulent activity on their account. In addition, we delegate authority to the Consumer and Governmental Affairs Bureau (CGB) in consultation with the Enforcement Bureau (EB) to review our robocall rules to ensure that those rules are clear and easy to read.

Directly affected

  • FISI Financial Institutions

    Named in this report.

Indirectly affected

  • JPM JPMorgan Chase-5.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-15.0%

    Bank profits move with lending and interest rates

  • WFC Wells Fargo-7.1%

    Bank profits move with lending and interest rates

  • C Citigroup-11.4%

    Bank profits move with lending and interest rates

  • GS Goldman Sachs-11.4%

    Bank profits move with lending and interest rates

  • MS Morgan Stanley-13.1%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR-3.9%

    A fund of financial companies

  • KBE SPDR S&P Bank-3.4%

    A fund of bank stocks

  • KRE SPDR S&P Regional Banking-4.4%

    Regional banks are sensitive to deposits and rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FISINo price data for this ticker———————
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
WFCNo price data for this ticker———————
CNo price data for this ticker———————
GSNo price data for this ticker———————
MSNo price data for this ticker———————
XLFNo price data for this ticker———————
KBENo price data for this ticker———————
KRENo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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In this document, the Federal Communications Commission (Commission) modifies rules to ensure that consumers can revoke consent for robocalls they no longer wish to receive while continuing to receive those they still want. We also moderni…

Source: Federal Register

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Enhancing the Ability of Consumers To Control the Robocalls” looks

25 out of 100

“Enhancing the Ability of Consumers To Control the Robocalls” scores 25 out of 100. The score uses 2 sources.