FCC Fines Calling Card Cos. $20M Over Shady Marketing

Law360, Chicago (September 2, 2011, 12:58 PM EDT) -- The Federal Communications Commission slapped four prepaid calling card companies with fines totaling $20 million Thursday for allegedly targeting low-income and minority communities with deceptive marketing practices.

The regulator ordered Lycatel LLC, Touch-Tel USA LLC, Locus Telecommunications Inc. and STi Telecom Inc.— formerly Epana Networks Inc. — to each forfeit $5 million for allegedly violating the Communications Act of 1934 by including hidden fees and surcharges on their calling cards that leave customers able to use only a fraction of the phone minutes they thought they...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.