Apr 28, 2017

Verizon exec blasts net neutrality defenders

Mel Evans / AP

Verizon's top lawyer blasted advocates fighting against the FCC's proposal to dismantle net neutrality rules, suggesting they peddling misleading information to raise money.

"So how do you fundraise? You stir people up with outrageous claims. " — Craig Silliman, Verizon's general counsel in a video sent to company employees

Why it matters: This debate is already turning into a brawl. In a speech this week, FCC Chairman Ajit Pai went after Free Press, a group rallying progressives against his plan, as a "spectacularly misnamed Beltway lobbying group."

Key context: Internet service providers who support unwinding net neutrality rules say they're all for the broad principle of net neutrality, but disagree with the legal underpinning of the 2015 rules that subjects ISPs to more regulation. Silliman said that it's "not sexy to say they're changing the legal foundation for this, it's only sexy if they say they're killing the open internet."

The FCC proposal also considers paring back the prohibitions against blocking, throttling and prioritizing web traffic and content.

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Photo: Brett Carlsen/Getty Images

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  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo agrees to pay $3 billion to settle consumer abuse charges
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  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.