Verizon Customers Could Receive Up to $100 Each in Settlement Over Monthly Charge
NEW YORK (AP) — Verizon customers in the United States could soon receive compensation of up to $100 each as part of a $100 million settlement in a class-action lawsuit over the telecommunications company’s monthly “Administrative and Telco Recovery Charge.” Despite the settlement, Verizon plans to continue imposing the fee and may even raise it further. The settlement follows a lawsuit that accused Verizon of failing to adequately disclose the purpose and basis of the administrative charge, which goes toward funding regulatory compliance, taxes, and network operations. Currently, the fee stands at $3.30 per line … Read more