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› Sprint Agrees to Pay FTC $2.95 Million to Settle Risk-Based Pricing Rule Charges Under the FCRA
Sprint Agrees to Pay FTC $2.95 Million to Settle Risk-Based Pricing Rule Charges Under the FCRA
2015-11-11 17:04:01| IT Services - Topix.net
Mobile service providers frequently look at their customers' credit reports and scores to determine the best pricing plans for those customers. But as a recent settlement between Sprint Corporation and the Federal Trade Commission shows, mobile carriers that use customers' credit information to determine service rates may be subject to the FTC's Risk-Based Pricing Rule under the Fair Credit Reporting Act , which requires notice to affected customers that they were approved for service on less favorable terms than other customers with better credit histories.
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Category:Information Technology