By Bevin Fletcher
After reaching terms of a settlement this summer, the Federal Trade Commission disclosed on Tuesday that AT&T will pay $60 million for misleading millions of customers by obscuring its throttling practices while charging them for so-called "unlimited" data plans.
AT&T approved final terms of the settlement back in August, but the carrier's penalty was only revealed yesterday, after the FTC voted to approve the stipulated final order, which still needs the signature of a District Court judge in California.
The FTC in 2014 accused AT&T of promising consumers unlimited data but failing to make clear that speeds would be reduced, sometimes after customers had only used as little as 2GB of data. The practice started back in 2011, and according to the FTC affected more than 3.5 million customers.