Bank President Warns FCC About Robocall Scams Targeting Older Americans
Ulster Savings Bank CEO William Calderara asked the FCC to do more to clamp down on unlawful robocalls and text message scams, noting the “alarming rise in bank impersonation fraud targeting” the elderly. In a filing posted Wednesday in docket…
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17-59, Calderara said such scams "are no longer minor nuisances" but rather "financially devastating crimes that exploit trust in financial institutions and drain life savings."