There’s now a definite way to see if your internet service provider (ISP) is charging you too much, thanks to a new ruling from the FCC. ISPs are now required to list it all in a very familiar format.
Here’s Five Fast Facts about ISP Nutrition Labels:
- 🛜 Total Fat - The FCC has ruled that all major ISPs are required to display consumer labels that break down all associated fees, as well as ways to save. It’s creating a new level of transparency that could directly help you save money.
- 🖥️ Cholesterol - The information is modeled after nutrition facts labels on food products. Your internet provider will now be required to display broadband speeds, prices, introductory rate details and data allowances. They’re also required to include links to information about any discounts and services bundles, along with network management practices and privacy policies.
- 💻 Sodium - Providers are required to display these labels in-store AND at online points of sale. The requirements do not apply to providers who offer the internet only as a bundled service.
- 🖱️ Sodium - The FCC is also requiring all providers to make their labels “machine readable” by Oct. 10. This makes it even easier for potential customers to get pricing information for comparison shopping.
- ⌨️ Total Carbs - The new requirements are part of a group of consumer protections the Biden administration has introduced, including lower overdraft fees and lower credit card late fees.
🔥Bottom line: Let’s see if those guys from T-Mobile sing about this. Seriously, though, this ruling is most likely going to be a nightmare come true for companies like Charter/Spectrum. It could also result in competitive pricing from ISPs that benefits you, so long as you read the fine print.
What do you think about these rules?
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