قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Your cable company may soon be forced to be more transparent about your account

Your cable company may soon be forced to be more transparent about your account



Customers, blinded too good to be genuine cable and online deals, could soon get a break.

Legislation introduced this month by the United States Representative, Anna Ashha, a California Democrat, and Sen. Democrat, Ed Mass Media, will demand telephone, cable and Internet service providers to include all costs in promoted prices.

The Law on the Right to Pay Accounts, Remedies and Extension of User Rights in 2019 or the 2019 True Payment Act will allow consumers to terminate pre-term contracts without paying a fine if the supplier increases the fee or fee for the price. , which is not clearly illustrated in the original list.

According to the proposed legislation, companies will have to notify the consumer of any increase no later than 21

days before coming into force, giving the consumer enough time to cancel the service and / or switch to another cable service provider.

Do not miss: That's why you get so much spam-phone calls

Public knowledge, open internet and nonprofit public interests in Washington have approved the bill, arguing that such advertising is misleading and prevent consumers from precisely matching costs. for different products.

Legislation will require providers of telephones, cable and Internet providers to include all costs in advertised prices.

Often a customer receives an invoice of $ 50 or more than expected due to hidden payments, reports the group. These charges may include taxes and equipment lease charges that are levied when an online company requires a client to use a router or other device for its services.

John Bergmaier, a senior lawyer at Public Knowledge, said that all these extra charges are said to be misleading. "Companies are constantly finding new acquisitions to break the cost of doing business to new secret fees so they can advertise fictitious prices," he said.

See also: Millions of Americans keep this dirty secret from their partner

The Internet and Television Associations, Broadband and Pay TV Broadcasting Group in the United States, said cable service providers are "transparent about prices and Deliver customers detailed billing through monthly reports and their websites.

Cable companies are often open to price negotiations, not seeing how a customer moves to a competitive service. They can even lower prices if a customer calls to express Concerned about their statement, Kelsey Shihi, a personal finance writer at NerdWallet, said that consumers are often restrained by prolonged maintenance and poor customer service, so the "TRUTH" bill requires companies to provide consumers with the opportunity to make changes on the Internet, such as Billshark and Trim also analyze monthly spending and help discuss lower prices.

Comcast

CMCSA, -0.14%

refused to comment on legislation. He reported that profits in the fourth quarter amounted to $ 27.85 billion, compared with 21.92 billion dollars. Regulations

CHTR, -0.04%

which announced revenue in the fourth quarter of $ 11.2 billion, which is 5.9% more than in the previous period, did not respond to a comment request. Mediacom and Frontier

FTR, + 2.45%

did not respond to a comment request. Frontier reported quarterly revenue of $ 2.13 billion in September 2018.

Dow Jones Industrial Index

DJIA, + 0.04%

by 11.07% yoy and S & P 500

SPX, + 0.15%

increased by 10.97% over the same period.

Get a daily collection of personal finance top-ups that are delivered to the Inbox. Subscribe to MarketWatch's free daily newsletter. Register here.


Source link