Banks Warily Eye FCC Plan to 'Onshore' Call Centers

Also, CFTC asks court to halt Arizona criminal case against Kalshi

Financial executives don’t usually lose much sleep over what’s happening at the FCC, but an unapologetically populist rule proposal that seeks to “onshore” foreign call centers is causing consternation at some of the largest banks. The regulator’s plan largely focuses on telecommunications firms, but it also raises the possibility of applying the direct…