EarlyTerminationFee

After questions from the Federal Communications Commission, Google has lowered its early termination fees for its Nexus One from $350 to $150. Although Google calls it an "equipment recovery fee" for the phone, customers who want to break their two-year contract will still have to pay an early...

Verizon Wireless, which doubled its early termination fee for smartphones like the Motorola Droid or Blackberry Storm 2 from $175 to $350 last month, is now answering to the Federal Communications Commission. The commission is reviewing Verizon's customer policy and will determine if the company...

The little play on words is obvious. Consumers are just a little bit closer to being free of early termination fees on wireless contracts. A California judge ruled this week that it was illegal for Sprint Nextel to charge early termination fees, and they must refund over $18 million to consumers....