ABA Backs FCC KYC Proposal for Originating Providers
Summary
The American Bankers Association expressed support for FCC Chairman Brendan Carr's decision to schedule a vote on a proposal to impose stronger 'know your customer' requirements on voice service providers that originate calls. ABA previously urged the FCC to take this step and shared data showing bad actors increasingly place illegally spoofed calls because some providers do not adequately investigate companies before permitting them to originate calls on the provider's network. The FCC has existing rules requiring originating providers to take affirmative, effective measures to prevent callers from originating illegal calls, but has not mandated specific standards for compliance.
About this source
GovPing monitors ABA Banking Journal Compliance for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 99 changes logged to date.
What changed
The American Bankers Association has publicly supported the FCC's decision to move forward with a vote on stronger 'know your customer' requirements for voice service providers that originate calls. Existing FCC rules require originating providers to take 'affirmative, effective measures' to prevent callers from originating illegal calls, but the commission has not mandated specific compliance standards. ABA argues that requiring providers to collect certain information and imposing forfeitures for violations would lead providers to investigate callers and avoid doing business with criminals who defraud consumers through illegal calls.
Voice service providers that originate calls may face new compliance obligations if the FCC adopts specific KYC standards and enforcement penalties. ABA's backing suggests industry support for the FCC's direction on spoofed-call enforcement, though the specific proposal details remain subject to the scheduled FCC vote. Regulated entities should monitor for the FCC's formal proposal to assess the scope of new due-diligence and reporting requirements.
Archived snapshot
Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
No Result View All Result
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive
SUBSCRIBE
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive No Result View All Result No Result View All Result Home Compliance and Risk # ABA supports issuance of ‘know your customer’ proposal for originating providers
April 23, 2026 Reading Time: 1 min read The American Bankers Association today expressed its support for Federal Communications Commission Chairman Brendan Carr’s decision to schedule a vote on issuing a proposal that would impose stronger “know your customer” requirements on voice service providers that originate calls. In prior comments, ABA had urged the FCC to take this step.
Existing FCC rules require each originating provider to take “affirmative, effective measures” to prevent callers from originating illegal calls, “including knowing its customers.” But the commission has not mandated specific standards for compliance with this rule. ABA recently shared with the FCC data that showed how bad actors are increasingly placing illegally spoofed calls in part because some providers are not adequately investigating companies before they are permitted to originate calls on the provider’s network.
“The analysis conducted for ABA . . . strongly suggests that requiring originating providers to collect certain information — and imposing forfeitures for violations of the FCC’s rules — would lead providers to investigate callers and avoid doing business with criminals who seek to defraud consumers through illegal calls,” ABA said in its letter.
Tags: ABA news Customer communications FCC Fraud Know your customer Scams Telecommunications infrastructure Share Tweet Pin
Related Posts
Agencies finalize changes to community bank leverage ratio
Community Banking April 23, 2026 Federal banking agencies finalized interagency rulemaking to expand the eligibility criteria for the community bank leverage ratio, adopting changes first proposed last year without further revisions.
OFAC targets Southeast Asian scam center network
Compliance and Risk April 23, 2026 The Treasury Department’s Office of Foreign Assets Control sanctioned a Cambodian senator and 28 individuals for their alleged roles in running scam centers that defraud Americans. ABA applauded the decision.
Mortgage rates decline
Economy April 23, 2026 The rate for a 30-year fixed-rate mortgage was 6.23% this week. The rate for a 15-year fixed-rate mortgage was 5.58%.
FDIC issues relief guidance for Mississippi, Tennessee banks affected by storms
Compliance and Risk April 23, 2026 The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Mississippi and Tennessee affected by severe weather.
Agencies ease federal restrictions on state-regulated marijuana products
Compliance and Risk April 23, 2026 The Department of Justice and Drug Enforcement Administration announced they have reclassified marijuana and marijuana products regulated by state medical licenses as Schedule III drugs, which will expand their availability for medical purposes.
HUD, FHFA roll out plans for new credit scoring in mortgages
Mortgage April 22, 2026 HUD will adopt FICO 10T and VantageScore 4.0 for FHA loans. Fannie Mae and Freddie Mac will begin using VantageScore 4.0 immediately and the future use of FICO Score 10T credit scores for loans delivered to Fannie Mae.
NEWSBYTES
Agencies finalize changes to community bank leverage ratio
ABA supports issuance of ‘know your customer’ proposal for originating providers
OFAC targets Southeast Asian scam center network
SPONSORED CONTENT
Why Your Systems Keep Slowing Down — and What to Do About It
How leading banks are enhancing customer engagement through financial data insights
Check Fraud Is Outpacing Legacy Controls. What Banks Should Evaluate Now.
How top agricultural lenders are approaching AI, automation and innovation in 2026
PODCASTS
Podcast: ABA’s ecosystem strategy to tackle fraud
Podcast: Capitalizing on opportunities to serve high-net-worth clients
Podcast: Are credit union commercial loans risky business?
March 30, 2026
American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA
ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe
© 2026 American Bankers Association. All rights reserved.
No Result View All Result
- Ag Banking
- Commercial Lending
- Community Banking
- Compliance and Risk
- Cybersecurity
- Economy
- Human Resources
- Insurance
- Legal
- Mortgage
- Mutual Funds
- Payments
- Policy
- Retail and Marketing
- Tax and Accounting
- Technology
- Wealth Management
- Subscribe
- Advertise
- Magazine Archive
- Newsletter Archive
- Podcast Archive
- Sponsored Content Archive © 2026 American Bankers Association. All rights reserved.
Related changes
Get daily alerts for ABA Banking Journal Compliance
Daily digest delivered to your inbox.
Free. Unsubscribe anytime.
Source
About this page
Every important government, regulator, and court update from around the world. One place. Real-time. Free. Our mission
Source document text, dates, docket IDs, and authority are extracted directly from ABA.
The summary, classification, recommended actions, deadlines, and penalty information are AI-generated from the original text and may contain errors. Always verify against the source document.
Classification
Who this affects
Taxonomy
Browse Categories
Get alerts for this source
We'll email you when ABA Banking Journal Compliance publishes new changes.
Subscribed!
Optional. Filters your digest to exactly the updates that matter to you.