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FCC Alleges Voxbeam Enabled Bank Robocalls
PYMNTS·
The Federal Communications Commission (FCC) has declared Voxbeam Telecommunications, a voice service provider, 'apparently liable' for facilitating bank impersonation robocalls. The FCC's investigation, initiated by a complaint from a financial institution, found that Voxbeam accepted suspicious call traffic, allowing fraudulent calls to reach U.S. consumers. These calls mimicked legitimate bank communications, posing a significant risk to customers. This action highlights regulatory scrutiny on telecommunication providers regarding their role in preventing scam and fraudulent activities targeting the public.
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fintech
regulation
legal
Original Source
PYMNTS — pymnts.com