English
French
German
Italian
Russian
Spanish
FTC reaches settlement with XCast Labs over illegal robocalls
FTC reaches settlement with XCast Labs over illegal robocalls By Reuters
Breaking News
‘;
Published Jan 02, 2024 02:19PM ET
Updated Jan 02, 2024 04:06PM ET
© Reuters. FILE PHOTO: Federal Trade Commission seal is seen at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/File Photo
WASHINGTON (Reuters) – U.S. regulators and XCast Labs have proposed to settle charges that the company facilitated billions of illegal robocalls, the Federal Trade Commission said on Tuesday, adding that XCast must cut ties with firms that do not follow telemarketing rules.
The FTC also ordered the Voice over Internet Protocol (VoIP) provider to pay a $10 million civil penalty but suspended the fine “based on its inability to pay,” it said in a statement, adding that the penalty will be due immediately if XCast “misrepresented its financial condition.”
Regulators sued Los Angeles-based XCast over charges it helped other companies contact people on the National Do Not Call Registry and generally deceive them into making purchases or contributions after previously warning the company multiple times.
“Companies that turn a blind eye to illegal robocalling should expect to hear from the FTC,” Samuel Levine, Director of the FTC’s Bureau of Consumer Protection, said in the statement.
The U.S. Department of Justice’s Civil Division Principal Deputy Assistant Attorney General Brian Boynton said Tuesday’s order highlighted the department’s “efforts to protect American consumers from illegal robocalls and to stop telecommunications providers from enabling those calls.”
As part of the proposed settlement filed with the U.S. District Court for Central District of California, XCast must start using a screening process and halt its ties with firms that do not comply with U.S. telemarketing laws, the FTC said.
Representatives for XCast could not be immediately reached for comment on the proposed order.
FTC reaches settlement with XCast Labs over illegal robocalls
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
© 2007-2024 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
