Verizon pays $7.4 million to settle FCC privacy investigation

Verizon Communications has agreed to pay the Federal Communications Commission $7.4 million to settle an investigation into the company’s use of consumers’ personal information for marketing purposes.his is the largest such payment the FCC has ever received in an investigation related solely to the privacy of telephone customers’ personal information.

The settlement comes as the FCC is trying to look like it’s being tough on wireless phone companies. In late July, the commission sent Verizon a strongly worded letter in which Chairman Tom Wheeler said he was “deeply troubled” by Verizon’s decision to expand its network-management policy that targets customers of its unlimited data plans.

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