I’m sure you’ve received random texts telling you that you’ve been pre-approved for a loan or that your car warranty is about to expire. But did you know that people were being charged for texting “premium SMS” fees for texting those numbers back — to the tune of $2 billion per year? Luckily, three major U.S. carriers have just agreed to put an end to premium SMS fees, which should help combat these spam texts.
The Attorney General for Vermont William Sorrell on Thursday announced, “We are pleased that AT&T, Sprint and T-Mobile have decided to stop the flow of money from the pockets of ordinary people to the bank accounts of scam artists. We’re hopeful the other carriers will soon follow their lead.”
This means that AT&T(s t), Sprint(s s), and T-Mobile(s tmus) have agreed to eliminate any sort of additional billing associated with premium SMS messages. Prior…
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