Home › Sprint Agrees to Pay FTC $2.95 Million to Settle Risk-Based Pricing Rule Charges Under the FCRA
 

Keywords :   


Sprint Agrees to Pay FTC $2.95 Million to Settle Risk-Based Pricing Rule Charges Under the FCRA

2015-11-11 18:14:50| Telecom - 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.

Tags: under pay million rule

Category:Telecommunications

Latest from this category

All news
»
28.06Eastern North Pacific Tropical Weather Outlook
28.06Atlantic Tropical Weather Outlook
28.06Learning to listen to nursery pigs
28.06Incomes have risen 'at a crawl' says think tank
28.06Eastern North Pacific Tropical Weather Outlook
28.06Are rainy days ahead for cloud computing?
28.06Electric car battery charges in under five minutes in track test
28.06Debt relief orders can write off up to 50,000
More »