FCC looks to regulate ETF

hardcharger · EVDO User Joined: 04 Jun 2008 Posts: 28

This is interesting:

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/12/AR2008061203381.html

Seems the FCC is thinking about regulating how carriers charge ETFs. What do you guys think? I'm skeptical about the government getting invloved in a contract between two parties. I would think that knowing you're signing a contract for two years, plus the fact that you can cancel within 30 days is sufficient. The one caveat being when someone like Sprint overhauls the terms of the contract.

jackrodgers · EVDO Addict Joined: 23 Mar 2006 Posts: 1131

The government is already involved in contracts between two parties. Truth in Lending was an excellent law considering what contracts were like before it. There are limits as to what a contract can include.

What do you think courts do when one part sues another over a contract?

Is regulation of public utilities a bad thing?

hardcharger · EVDO User Joined: 04 Jun 2008 Posts: 28

I should clarify,

I think the government tends to over-regulate, over-react, and over involve themselves to the detrement of business and thus, the economy. I think Sarbanes-Oxly is a perfect example of that.

When it comes to EFT, I think they should leave it alone. You don't have to enter an agreement with a carrier, and there are alternatives such as tracphone.

Fox McCloud · EVDO Junkie Joined: 02 Dec 2006 Posts: 611