The FCC released its Report and Order on 2020 Regulatory Fees on August 31st. A number of the proposals made by the CBA were adopted, however our request to reduce overall fees was denied. Our efforts did yield the following:
- A simplified filing procedures for financial hardship waivers and requests for deferments;
- Simplified process with no hurdles for extended payment plans;
- Reduction of the interest rate charged for installments plans and elimination of the large down payment requirement; and
- Elimination of administrative fees charged for late payments and for installments plans.
The FCC has directed the Office of Managing Director to put out a public notice with more details on the financial hardship waiver, as well as the installment payment option.