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The FCC Aims to Stem Robocalls But ATT, Verizon and T-Mobile Say Wait

Summary:
Billions of RobocallsConsumers get billions of robocalls and many if not most of them come from overseas locations including India and the Philippines.On September 28, the FCC seeks to implement foreign provider regulation that would block most of these incoming calls.  Under the proposal, foreign carriers have to be approved by the FCC and those spamming calls would be blocked.  Rule ChallengeSeveral big phone companies say they are On Board With Robocall Blocking, Just Not Now. “We strongly support the direction the FCC is going to address the foreign robocall problem, to police the edge of the U.S. telephone network,” Verizon associate general counsel Christopher Oatway said in an interview. “We would like to pause the process, reexamine what needs to be done and continue to work on

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The FCC Aims to Stem Robocalls But ATT, Verizon and T-Mobile Say Wait
Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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