FCC gives Verizon until Monday to explain cellphone cancellation penalties
Verizon Wireless asked for two more days to respond to the Federal Communications Commission's questions about its recent decision to more than double the penalties it charges to smart-phone users who leave their contracts early.
The FCC said in a statement that Verizon, the nation's largest wireless carrier, will have until Monday to answer the question. Verizon's move has sparked the reintroduction of a bill by Sen. Amy Klobuchar (D-Minn.) and others that would curb such fees. The FCC weighed in earlier this month, asking the wireless giant to explain the economics behind its decision and the clarify if some users are being charged unfairly for data usage.
Here's previous coverage on the topic.
December 17, 2009; 2:28 PM ET
Categories: Early Termination Fees , FCC , Verizon
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