FCC Takes Action to Eliminate Cable and Satellite TV Termination Fees
The Federal Communications Commission (FCC) has voted to ban cable and satellite companies from charging early termination fees, as part of the Biden administration's initiative against excessive surcharges. The rule will also require service providers to issue prorated credits or rebates to customers for days remaining in the billing cycle after cancellation. The ban aims to address consumer frustration with "junk fees" and unfair practices by providers. Two out of four commissioners voted against the measure. Cable companies could be making an estimated $28 billion annually from termination fees.