The Federal Trade Commission has finalized a rule that will require telemarketers to "scrub'" their call lists every 31 days to make sure they include all phone numbers listed on the national "do-not-call" register.Telemarketers are currently required to scrub their lists quarterly. Based on a recent poll, the FTC says it believes most businesses have been diligent in meeting the quarterly requirement. The FTC decided to postpone the effective date of the new rule until Jan. 1, 2005, to give businesses time to implement new systems and procedures to accommodate the more frequent scrubbing. To date, consumers have registered 58.4 million phone numbers on the do-not-call list.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
7h ago