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FTC probe


FTC probe

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THE FAIR TRADING COMMISSION (FTC) is assuring Barbadians that it is on the case of two corporate giants whose recent business decisions have angered consumers.

The FTC has served notice on Cable & Wireless Barbados and CIBC FirstCaribbean International Bank that it will be turning up the heat on the companies following notices they issued to customers in recent days.

C&W Barbados, which trades as LIME, upset many of its customers last week with the announcement that it would impose a near $5 fee on subscribers who wanted to continue to receive printed monthly bills.

FTC chairman Sir Neville Nicholls said yesterday in a statement that LIME’s proposal to introduce a $4.68 fee on printed bills after it goes to ebilling from January 1, had “raised numerous concerns for the Fair Trading Commission”.

Please read the full story in today’s Daily Nation, or in the eNATION edition.