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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Verizon today announced a program to buy out the contract and device debt of new customers switching from competitors. Verizon will now pay new customers up to $650 per line to cover competitors' early termination fee (ETF) or outstanding device payments.
Dear Senator Klobuchar - Cell Phones don't grow on trees.
ETF's don't "unfairly" raise penalties. They prevent fraud and people taking advantage of carriers and retailers.
Without ETF's, a consumer could purchase a Motorola Droid for $199, cancel it, pay a term fee of $175 (pre increase; have a total of $375 in the phone and turn around and sell it on Ebay for over $500. The consumer could win/cheat the system...however, the carrier and retailer would lose as the device itself COSTS more than $500.
What doesn't she understand about "Subsidization??" If a consumer doesn't want to be subject to a ETF or 2-year agreement; they have the option to pay a "fair" retail ...
Yeah, Yeah, Yeah...Blah, Blah, Blah...............
I'm willing to bet at the end of the day and at the end of each quarter, VZW will still net more add's of new lines over any other carrier nationwide. Besides, most customers understand the ETF purpose. They're getting a device that retails for more than someone's average rent or mortgage payment in my area for a measley $50, or in some cases Free.
To me it just seems simple....You don't lik...
What part of contract don't people understand`
It is a contract. Let's look at the definition of a contract.
From Websters: 1 a : a binding agreement between two or more persons or parties; especially : one legally enforceable
From Blacks Law dicionary: CONTRACT - A contract is an agreement between two or more persons, including a corporation, that creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts, Section 3: "A contract is a promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty." From Black's Law Dictionary, 1990 edition.
When you have time ...
She must not like her Droid.....
"oh yea, um.. I need to get out of my contract cause my dog died..I dont have to pay the ETF because of that right?"
Yes, it makes i...
Not sure I get this ...
So, for the simplicity of math here, if I buy a phone that without a contract costs $560 and I buy it for $200 with a 2yr contract, I'm getting a $360 markdown. Why not just pro-rate the markdown as an ETF at $15 a month? So if I jump out of my contract after one month, I owe $345. If I jump out after a year, then I owe $180.
Maybe the ...
And if they win...
Senators should take business courses before they try legislating what is "fair."
Is she one of those customers that everytime they get mad at their carrier they want a free phone or free service and if not "I'm gonna cancel" and "no I'm not paying an ETF, I didn't sign a contract" "oh yeah I got a different phone but its not an upgrade, it was a free phone"
Why not spend her energy focusing on MSRP for handsets, which would lower subsidies for the Carrier.
Oh is it because the government can f*** with carriers, but not with manufacturers??
signed I'm getting a Droid and I don't care what the ETF...
it's all about choice.
it's common sense.
Answer to end all of this
I understand the contracts and I agree with having them but pro-rated is teh best. Reason why
As the Value of the Phone goes...
Senator Amy Klobuchar's Contact Infomation
302 Hart Senate Office Building
Washington, DC 20510
1200 Washington Avenue South, Suite 250
Minneapolis, MN 55415
Main Line: 612-727-5220
Main Fax: 612-727-5223
Toll Free: 1-888-224-9043
1134 7th Street NW
Rochester, MN 55901
Main Line: 507-288-5321
Northwestern & Central Office
121 4th Street South
Moorhead, MN 56560
Main Line: 218-287-2219
Olcott Plaza, Suite 105
820 9th Street North
Virginia, MN 55792
Main Line: 218-741-9690
Toll Free Number:
Or email her from her webs...
My tax dollars go to pay for this?
What's a costumer???? Someone that dresses kids up in costumes?? Author, PLEASE LEARN HOW TO SPELL!!!!