FCC May Regulate Cancellation Fees

posted May 21, 2008, 7:31 AM by Eric M. Zeman

The FCC and several wireless network operators are in discussions over early termination fees. Though most of the carriers have adopted a prorated ETF policy recently, Verizon Wireless, among others, is hoping to standardize ETFs across the industry. The terms include allowing new customers to cancel service either within the first 30 days of service, or within 10 days of paying their first bill. It would also set a maximum rate for ETFs, and set a prorated schedule for them to drop month by month. In exchange for this offer, Verizon is asking that the FCC drop or otherwise dismiss a number of lawsuits facing it and other carriers over ETF policies.

more info at CNN / AP »

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