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How the FCC's $100 million fine against AT&T faded away

Alan Diaz / AP

Just over two years ago, the FCC proposed a $100 million fine against AT&T for misleading consumers, the largest penalty the agency had ever recommended. Now that headline-grabbing fine appears all but dead.

Why it matters: If finalized, the fine would have set significant precedent for the size of FCC enforcement actions and the treatment of internet service providers' promises about broadband speed and access. But the agency's new leader — Republican Ajit Pai — is likely to avoid pursuing the fine, as he's long contended it was "drawn out of thin air" and should never have been proposed in the first place.