Sprint Pays Penalty For Failing to Notify Customers of Placement in Program For Low Credit Scores

Sprint agree to settle Federal Trade Commission's charges for $2.95 million in civil penalties for violation of the Fair Credit Reporting Act for its failure to give proper notice to consumers who were placed in a Account Spending Limit (ASL) program for customers with lower credit scores and charged an extra monthly fee of $7.99. The FTC alleged that Sprint did not tell its customers why they were placed in the ASL program or only told them after it was too late to switch mobile carriers. Click here to read more.