If you're displeased with Verizon's new $350 early termination fee (ETF) on "advanced devices," don't worry - the FCC is too. Last week, FCC Commissioner Mignon Clyburn sent out a letter to Verizon's reply, and in short, she's not pleased.
Among other arguments, she makes the point that ETF's have migrated from being tied to the true full retail cost of the device to being something that foots "the bill for advertising costs, commissions for sales personnel, and store costs." She implies that the costs to advertise and operate retail locations can be (and are) recouped in high monthly fees for voice and data. A higher penalty isn't needed in her book, particularly a high penalty near the end of the agreement.
What's more, she claims that phantom fees are being charged, despite Verizon's reports that state otherwise. Citing "press reports and consumer complaints," she has vowed to investigate the matter further with her colleagues next year. Sounds like some bad news for Verizon. Anyone agree?