Record fine of $25 million paid to FCC by Verizon

While Verizon customers were counting the pennies that were owed to them by Verizon in light of the FCC investigation into the company’s billing practices that saw their customers complaining of bill shock the company was also waiting with baited breath for the other FCC shoe to drop.

Well that shoe dropped today with the announcement that Verizon would be coughing up an addition $25 million to satisfy a fine from the FCC.

“Mystery solved: today’s settlement with Verizon Wireless is about making things right and putting consumers back in the driver’s seat,” said FCC enforcement chief Michele Ellison today. “Today’s settlement requires Verizon Wireless to make meaningful business reforms, prevent future overcharges, and provide consumers clear, easy-to-understand information about their choices. I am gratified by the cooperation of the Verizon Wireless team in the face of these issues, and pleased they are taking the high road.”

via Ars Technica