• April
    24
    2019
  • 3 min read

Phone Scams, Robocalls & The TRACED Act

Phone scams

Free Consultation

Sick of robocalls and phone scams? So is the US Senate.

The Senate is working on legislation aimed at improving consumer protections against phone scams and more. Find out how the TRACED Act works and what it can do to protect you from timeshare and other phone scams.

Phone Scams on the Rise

Robocalls and phone scams have been on the rise in recent years. According to Senator John Thune (R-S.D.), nearly half of all calls next year will be robocalls. If you’re a timeshare owner, you may have received calls for fraudulent timeshare resale opportunities. And most of us have gotten so-called spoofed calls. That’s when you get a call with a familiar phone number, but that’s not really who’s calling. But since you sort of recognize the number, you go ahead and pick it up. And when you answer, you’re at risk.

The TRACED Act

The Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act wants to crack down on this. Although telephone fraud such as spoofing is already illegal, it’s currently difficult to prosecute. Currently, the law allows only one year for investigation and prosecution. Under the TRACED Act, the FCC would have 18 months to investigate complaints. And law-breakers could be subject to much higher penalties of up to $10,000.

TRACED also puts more responsibility on service providers to help prevent robocalls and phone scams. The act would require carriers to implement authentication technology by 2020. So when you get a call, you know you can trust the caller ID. Consumer advocates have been asking for providers to crack down on these calls for years, and TRACED will push them in that direction.

Although measures like the Do Not Call Registry have tried to address phone scams, nothing so far has worked. “Since we’re seeing such an escalation of the use of technology to disturb people’s homes, we need an escalation in technology in order to give people protections in their homes and also on their iPhones,” says Senator Edward Markey (D-Mass).

Given the unpopularity of telephone scams and robocalls, the bill has bi-partisan support. TRACED made it through the Senate Communications Committee. We’ll keep you posted on future progress.

If you’re ready to reduce your risk of being the victim of timeshare resale fraud by getting rid of your unwanted timeshare, contact us today for a free no-risk consultation.

Sources

The Washington Post

The National Law Review

ABC News

(Image Source: Canva)

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Speak Your Mind

Leave a Reply

Your email address will not be published. Required fields are marked *

New
Release
How to choose the right company to get me out of my timeshare

Download our latest eBook

How to choose the right company to get me out of my timeshare

We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don’t know where to turn, look to PMG to relieve you of your timeshare burden. We pride ourselves on open, honest, and frequent communication with our clients.

Free Download
                       

Their high-pressure tactics

Got you in the timeshare

Our knowledge and experience gets you OUT. We offer a high-touch, boutique level of service, keeping you informed with frequent updates throughout the process—which is why we have numerous 5-star reviews and are rated “A” (Excellent) by the Business Consumer Alliance (BCA).

Learn More
100% Satisfaction
Guarantee
We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don’t know where to turn, look to PMG to relieve you.
Our Success
Guarantee
We pride ourselves on open, honest, and frequent communication with our clients. We’re here to help you every step of the way, and end the nightmare of an unwanted timeshare.

Free Agreement Review

Still not sure what’s the next step? Our dedicated team can review your agreement and guide you through the process. The Primo difference is all about service. Our timeshare elimination consultants have one mission: To serve our clients and bring the peace of mind that comes from relieving their timeshare obligation.

Get Started

Time to say goodbye

The timeshare industry has spent a tremendous amount of time and money to delay, confuse and deter you from canceling your timeshare contract. Your team of timeshare elimination experts act as your consumer advocate and will work tirelessly to free you from your timeshare contract, mortgage, and maintenance fee bill.

Give it a try
FAQs
English Español