Good Investments
that are Right for You

Traced Act Offers Consumers Additional Protections Against Robocalls

Focused concentrated young african businessman sit at desk look at laptop, serious afro american male professional analyst working online on computer data watch webinar thinking of problem solution

Whether at home, work or on a cell phone, it’s a scenario many Americans have found themselves in: answering a phone call only to find out it’s from an unwanted robocaller. In fact, the number of unwanted robocalls in this country has skyrocketed in recent years. The Federal Communications Commission (FCC) ranks unwanted robocalls highest on their list of consumer complaints.¹

TRACED Act

Fortunately, consumers have won additional protections against unwanted robocalls under recent legislation signed by President Trump, the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act. One of the main goals of the TRACED Act is to establish rules to protect consumers from receiving calls from unauthenticated numbers. Provisions of the TRACED Act include:

• Requiring all carriers to implement new caller-ID technology at no additional charge to consumers

• Extending the statute of limitations for prosecuting illegal robocallers

• Allowing the FCC to go after first-time robocall offenders

• Increasing penalties for robocall violations

• Creating an interagency task force to study and improve the government prosecution of robocall violations

• Establishing a neutral consortium of carriers that will lead efforts to trace back the origin of robocalls

Protecting yourself from unwanted robocalls

Unfortunately, even with these new protections, it will take some time for all of the TRACED Act provisions to fully take effect. In the meantime, here are some things you can do to protect yourself:

• Don’t answer calls when you don’t recognize the phone number. Instead, let them go to voicemail and check later to verify the caller.

• Consider signing up for a robocall blocking service. Many phone service providers now offer robocall blocking solutions at no additional charge. You can also download additional robocall protection for free or minimal cost through a third-party app.

• Register your phone number on the National Do Not Call (DNC) Registry, which removes your number from the call lists used by legitimate telemarketing companies. Keep in mind that while registering with the DNC Registry will result in you getting fewer calls from legitimate telemarketers, the registry won’t stop illegal robocallers from contacting you.

1) Federal Communications Commission, Report on Robocalls, February 2019

Other Recent Articles

Small Business Owner Packing Deliveries

Succession Strategies for Business Owners

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.
Calculator and Notepad

Contribution Limits for 2024

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.
Home Renovation Samples and Materials

Renovations to Your Home

With mortgage interest rates at levels not seen in more than a decade, home renovations this year might surprise the experts and see an uptick in activity.

Other Articles Related to:

Personal finance budgeting

Personal Finance Numbers To Know

With personal finance, understanding the numbers can be critical for your long-term financial health. In this article, you'll learn about net worth, credit scores. credit card debt, mortgage balances, interest rates, and social security benefits.

BEST PRACTICES FOR PASSWORDS

Passwords are a must-have for almost anything you do online, which is why many people can experience “password overload” from time to time.
college savings

College Cost Data: 2022-2023 School Year

Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country.