CFPB Sues Sprint

What this has to do with consumer finance, I have no idea, other than consumers paying their bills. Other industries get ready:

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A widespread complaint against the wireless industry landed at Sprint’s doorstep Wednesday when the federal Consumer Financial Protection Bureau took its first action against a telecom giant.

Its federal lawsuit alleged that Overland Park-based Sprint collected tens of millions of dollars in unauthorized charges on customers’ bills, a practice commonly called cramming.

By taking on Sprint, the young federal agency born out of the 2008 financial crisis asserted its power to pursue consumers’ money interests broadly, even at companies far removed from the financial industry.

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