Sprint to start prorating early termination fees
Sprint joins the other major wireless carriers in trimming customer contracts fees as they reach the end of their contract.
Sprint has been the lone holdout of the major carriers in trimming ETFs as customers near the end of their two-year contract.
Though ETFs have long been the been the bane of consumers, carriersthat they are a way for them to recoup costs for offering free or heavily discounted new phones to customers. The Cellular Telecommunications Industry Association, which represents carriers in Washington, supports ETFs for the same reason.
Currently, ETFs are not regulated by the the federal government, but the Federal Communications Commission istaking some oversight. During a with the FCC in June, carrier representatives said they would some limitations on ETFs as long as the carriers could be absolved from over the fees.