Time Warner To Pay $1.9M To Settle FTC Pricing Claims

Law360, Los Angeles (December 19, 2013, 6:20 PM EST) -- Time Warner Cable Inc. has agreed to pay $1.9 million to resolve Federal Trade Commission claims that it violated a commission rule by failing to notify some customers with negative credit histories that it would make them pay additional charges.

The Time Warner settlement marks the first time the FTC has brought an enforcement action for alleged violations of its Risk-Based Pricing Rule since the amended rule was finalized in 2011, according to the regulator. The FTC claimed Time Warner required some customers with negative credit histories to pay extra fees, but didn't...
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.