MBA Says ‘Do Not Call’ Registry Does Not Bar Banks, CUs, Thrifts
July 14, 2003
The Mortgage Bankers Association of America expressed concern that the Federal Trade Commission’s national “Do Not Call” registry could distort the real estate market because not all lenders are barred from making those pesky dinnertime calls. Banks, credit unions, and thrifts are not subject to FTC oversight and, therefore, not covered by registry restrictions, the MBA said. The registry would affect independent mortgage companies and mortgage brokers, the trade group noted.