Verizon, Sprint Fined $158 Million For Cramming Charges
The FCC and Consumer Financial Protection Bureau say Verizon and Sprint turned a blind eye to third parties making millions in unauthorized charges.By Cliff Judy | May 13, 2015
Verizon and Sprint, you have officially been called out and punished for something the Federal Communication Commission's been warning customers about for years.
"They wonder why their telephone bill is up a dollar or two. They look at their bill; they can't necessarily figure it out," said Lynn Ratnavale of the Consumer and Governmental Affairs Bureau. (Video via Federal Communications Commission)
Verizon is now on the hook for $90 million in fines, with federal regulators fining Sprint $68 million. Most of that money will go back to consumers. So what are we talking about here?