Verizon Wireless is attempting to reach an agreement with consumer groups and regulators to reduce early termination fees, the Associated Press reported May 21. Wireless carriers have proposed giving customers 30 days after they sign cell phone contracts or 10 days after they receive their first bills to cancel their services without penalty, the AP says. The proposal reportedly would prohibit a wireless carrier from imposing a termination fee on customers who change terms in the middle of a contract or end one contract period and begin another.
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