FCC puts Verizon under the microscope for excessive cancellation fees and “accidental data fees”

FCC puts Verizon under the microscope for excessive cancellation fees and “accidental data fees”

Cancelling your cellphone contract use to come with a hefty fee of anywhere from $175 up to $200+. The carriers justified this fee by highlighting how customers buying subsidized phones and then canceling their contracts was killing their checkbooks. Then a revelation happened last year — pro-rated cancellation fees starting at the same $175-$200 but decreasing by $5 each month were introduced meaning the longer you stayed in your contract, the lower the cancellation...