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Verizon seeks deal on cell phone cancellation fees
Posted: 24-May-2008 [Source: Reuters]

[Verizon takes the initiative to move cancellation fees from state control to federal control, in a move to appease consumer groups.]

Washington, D.C. -- "Verizon Wireless said on Friday it is trying to forge a deal with consumer groups and regulators that would reduce the fees customers are charged when they cancel their cell phone service early."

"Federal Communications Commission Chairman Kevin Martin said at a media briefing on Friday the two sides had made "substantial progress" toward a compromise, although there was still no final consensus."

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