Verizon to pay the FCC and customers
I’m not really sure how much of a difference $25 million makes to a company like Verizon (they’ll probably make that in the opening seconds of the Verizon iPhone’s release) but it will still be the largest payment to the FCC in history. This after the company settled a complaint that it had unfairly charged 15 million customers for accessing data networks. Those customers will also get very very small compensatory payments which will cost Verizon at least $52 million.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.