Lending Club Blog

Upcoming Reduction in Recorded Telemarketing Calls

As you know, companies with which you have an existing business relationship are permitted to call you even if you are on the National Do Not Call list. That’s why I still get called about switching to my cable company’s phone service. These calls are currently permitted to be made as recorded sales calls, but a change in that area is coming.

The downside of pre-recorded sales calls is that my existing business relationship allows them to occur, but the non-interactive nature of the recorded call doesn’t let me ask to opt out of receiving such calls. New rules enacted by the FCC should significantly reduce these types of calls. Full details were outlined in Herb Weisbaum’s article, Say Goodbye to Robo-Calls.

Starting in December of this year, all recorded sales calls must have a simple interactive way for you to opt out of future calls. The rules will be even stricter as of September 1, 2009. At that time, you will only receive such calls if you’ve agreed, in writing, to receive them. Having to opt-in to receive annoying calls seems to be much more consumer-friendly than having to opt-out.

There will continue to be exemptions for certain types of calls, such as those from charities or political organizations. These organizations currently are exempt from adhering to the National Do Not Call registry. The new rules will affect them, however, for calls placed through any telemarketing company they hire to help with their fund raising efforts.

Few things are more annoying than regular telemarketing calls, but automated ones are certainly on the list. Luckily, the new rules should drastically reduce the number of unwanted calls you receive. Are these types of calls a common occurrence for you?

Monday, October 27th, 2008 at 11:00 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Welcome Arkansas, Iowa, and Oklahoma Investors!

We recently welcomed residents of Arkansas, Iowa, and Oklahoma… Read More »
July 14, 2015

Renaud Talks Marketplace Lending on Jo Ann Barefoot’s Podcast

This week, CEO Renaud Laplanche… Read More »
June 24, 2015

Lending Club Teams Up with Sam’s Club to Deliver Small Business Financing

Read More »
June 8, 2015

New Lending Club TV Commercial Makes its Debut!

Last week we began testing a new TV commercial showcasing… Read More »
May 26, 2015

Lending Club Honored with Entrepreneurial Company of the Year Award from Harvard Business School Association of Northern California

Read More »
May 15, 2015

Renaud Talks to Jim Cramer

A few months ago, Jim Cramer remarked that he… Read More »
April 15, 2015

Lending Club 2 – Back in the Race

We’re excited to see Renaud back at the helm!… Read More »
March 26, 2015

Lending Club Store’s Grand Opening

We were thrilled at the support we received from… Read More »
March 20, 2015

LendIt is just one month away!

Congratulations to the LendIt team, who rang the opening… Read More »
March 13, 2015

Nearing Retirement – How an IRA Can Help

An Individual Retirement Account (IRA) can help you prep… Read More »
February 25, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w