Calling Out Prepaid Phone Cards

Other states are likely to follow Florida, which settled with 10 companies accused of false advertising and charging hidden fees
Getty Images

In a crackdown that augurs sweeping change in the $4 billion prepaid phone-card industry, state regulators are forcing card vendors to make amends for practices critics say cheat consumers out of hundreds of millions of dollars a year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.