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FCC seeks to stop robocalls passing through caller ID authentication in older technology

FCC seeks to stop robocalls passing through caller ID authentication in older technology

Yahoo28-04-2025
April 28 (UPI) -- The FCC wants to block robocalls from bypassing ID authentication tools in older non-Internet Protocol network technology.
Mass recordings promoting or selling something are illegal unless the person gives permission to be contacted.
But fraudsters have been able to pass through older non-IP technology and avoid digital fingerprints. These include cellphones and wired phones often transmitting small amounts of data infrequently.
On Monday, Federal Communications Commission panelists by a 4-0 vote moved forward to make sure the digital IDs are not washed off of any part of the call path.
They approved a Notice of Proposed Rulemaking to establish criteria for evaluating whether frameworks meet the TRACED Act standards. Commissioners want providers to regularly certify their implementation and would give them two years to comply after adoption of the new rule.
The agency is seeking comment on implementation of caller ID authentication solutions and is trying to determine if this "opens the door for further improvements down the road," the agency said in a news release.
For the last four years, the FCC has delayed the TRACED Act's deadline for carriers to implement an authentication framework for non-IP calls.
"The STIR/SHAKEN caller ID authentication framework is a critical element -- long championed by the Commission -- for tracking, blocking, and warning customers about malicious robocalls," a news release said.
The technology uses a caller ID system to verify whether calls on a provider's network are truly coming from the number on display.
In 2021, major U.S. phone providers -- including AT&T, Verizon, T-Mobile and Comcast -- were ordered to implement STIR/SHAKEN technology to prevent rampant spam calls.
STIR/SHAKEN are acronyms for the Secure Telephone Identity Revisited and Signature-based Handling of Asserted Information Using Tokens standards, with STIR representing the protocol and SHAKEN the framework for tracking robocalls.
The FAA has been trying to crack down on robocallers.
Unwanted calls dropped for the third straight year, according to data released by the Federal Trade Commission in November 2024.
The 2024 edition of the Federal Trade Commission's Do Not Call Registry Data Book, first created in 2003, shows complaints down by more than half since 2021. They were 1.1 million illegal robocalls last year, down from 1.2 million the year before and 3.4 million in 2021.
The registry allows Americans to add their information to a list, prohibiting them from being contacted by telemarketers.
"In the years to come, it will be critical we continue this progress by confronting not only telemarketers but those firms who knowingly profit from scam calls," FTC Bureau of Consumer Protection Director Sam Levine said in 2024.
In December, the FCC proposed a $299.9 million fine for Roy Cox Jr. and Michael Aaron Jones, who robocalled more than 550 million people offering misleading vehicle warranty services. TheFCC directed companies to book the calls.
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July CPI: Conumer prices rose 0.2%, just below expectations

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Eagle Point Credit Company Inc. Announces Second Quarter 2025 Financial Results and Declares Fourth Quarter 2025 Common and Preferred Distributions

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The Company is also pleased to announce the declaration of distributions on its 6.50% Series C Term Preferred Stock due 2031 (the 'Series C Term Preferred Stock'), 6.75% Series D Preferred Stock (the 'Series D Preferred Stock') and 8.00% Series F Term Preferred Stock due 2029 (the 'Series F Term Preferred Stock') as follows: Preferred Stock Type Amount per Share Record Date Payable Date Series C Term Preferred Stock $0.135417 October 14, 2025 November 10, 2025 December 11, 2025 October 31, 2025 November 28, 2025 December 31, 2025 Series D Preferred Stock $0.140625 Series F Term Preferred Stock $0.166667 Expand The distributions on the Series C Term Preferred Stock, Series D Preferred Stock and Series F Term Preferred Stock reflect an annual distribution rate of 6.50%, 6.75% and 8.00%, respectively, of the $25 liquidation preference per share. The Company is also pleased to announce the declaration of distributions on shares of the Convertible Perpetual Preferred Stock as follows: Preferred Stock Type Amount per Share Record Dates Payable Dates 7.00% Series AA Convertible and Perpetual Preferred Stock $0.145834 October 14, 2025 November 10, 2025 December 11, 2025 October 31, 2025 November 28, 2025 December 31, 2025 7.00% Series AB Convertible and Perpetual Preferred Stock $0.145834 Expand The distributions on shares of the Convertible Perpetual Preferred Stock reflect an annual distribution rate of 7.00% of the $25 liquidation preference per share and accumulate from the date of original issue. CONFERENCE CALL The Company will host a conference call at 10:00 a.m. (Eastern Time) today to discuss the Company's financial results for the quarter ended June 30, 2025, as well as a portfolio update. All interested parties may participate in the conference call by dialing (877) 407-0789 (toll-free) or (201) 689-8562 (international). Please reference Conference ID 13754633 when calling, and the Company recommends dialing in approximately 10 to 15 minutes prior to the call. A live webcast will also be available on the Company's website ( Please go to the Investor Relations section at least 15 minutes prior to the call to register, download and install any necessary audio software. An archived replay of the call will be available shortly afterwards until September 11, 2025. To hear the replay, please dial (844) 512-2921 (toll-free) or (412) 317-6671 (international). For the replay, enter Conference ID 13754633. ADDITIONAL INFORMATION The Company has made available on the investor relations section of its website, (in the financial statements and reports section), its unaudited consolidated financial statements for the period ended June 30, 2025. The Company also published on its website (in the presentations and events section) an investor presentation, which contains additional information about the Company and its portfolio for the quarter ended June 30, 2025. The Company has filed these reports with the Securities and Exchange Commission ('SEC'). ABOUT EAGLE POINT CREDIT COMPANY The Company is a non-diversified, closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital gains. The Company seeks to achieve its investment objectives by investing primarily in equity and junior debt tranches of CLOs. The Company is externally managed and advised by Eagle Point Credit Management LLC. In addition to the Company's regulatory requirement to file certain portfolio information with the SEC, the Company makes certain additional financial information available to investors via its website ( press releases and other public disclosures. FORWARD-LOOKING STATEMENTS This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. ______________________ 1 'Per weighted average common share' is based on the average daily number of shares of common stock outstanding for the period and 'per common share' refers to per share of the Company's common stock. 2 NII does not reflect distributions and amortization of offering costs on the Series D Preferred Stock and the Series AA/AB Convertible Perpetual Preferred Stock (collectively with the Series D Preferred Stock, the 'temporary equity') of $0.03 per weighted average common share. 3 Commencing Q2 2025, realized gains/losses from forward currency contracts are reported separately from NII and realized gains/losses per share. For the quarter ended March 31, 2025 and June 30, 2024, NII and realized gains/losses per share included $0.03 and $0.01 per share of realized gains from forward currency contracts, respectively. 4 'Recurring cash distributions' refers to the quarterly distributions received by the Company from its CLO equity, CLO debt and other investments and distributions from loan accumulation facilities in excess of capital invested and excludes funds received from CLOs called. 5 'Weighted average effective yield' is based on an investment's amortized cost whereas 'weighted average expected yield' is based on an investment's fair market value as of the applicable period end as disclosed in the Company's financial statements, which is subject to change from period to period. Please refer to the Company's quarterly unaudited financial statements for additional disclosures. 6 Over the long term, management expects to generally operate the Company with leverage within a range of 27.5% to 37.5% of total assets (less current liabilities) under normal market conditions. The Company may incur leverage outside of this range, subject to applicable regulatory limits. 7 The ability of the Company to declare and pay distributions on its common stock is subject to a number of factors, including the Company's results of operations. Distributions on its common stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The actual components of the Company's distributions for US tax reporting purposes can only be finally determined as of the end of each fiscal year of the Company and are thereafter reported on Form 1099-DIV. Expand

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