Senator Targeting Verizon's New ETF Policy
Senator Amy Klobuchar from Minnesota has said that she plans to introduce new legislation to prevent wireless carriers from unfairly raising penalties on costumers who cancel their contracts early. Last week, Verizon Wireless confirmed its plans to raise Early Termination Fees from $175 to $350 for advanced devices starting on November 15. Klobuchar wrote to the FCC, "Verizon Wireless' decision shows us once again that the wireless industry cannot police itself and will not, on its own, make its practices more competitive and consumer-friendly. To that end, I urge the FCC to review the recent Verizon Wireless decision as well as the competitive and economic impact of ETFs on wireless consumers." Klobuchar also wrote to Verizon CEO Lowell McAdams, urging him to reconsider. She is prepared to file legislation that would block Verizon's planned ETF increase, though Klobuchar has failed in similar initiatives in the past. Sprint has publicly stated that it will not increase its ETF policy in the wake of Verizon's decision. Neither AT&T nor T-Mobile have made their stances clear.
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