Cord-cutting fees are charges that cable and satellite companies impose when customers cancel their service early. These fees can include early termination fees and costs associated with canceling or switching service providers. The Federal Communications Commission (FCC) has proposed a rule to ban early termination fees for cable and satellite services, requiring providers to eliminate these fees and provide customers with a prorated credit or rebate for the remaining days within a billing cycle after cancellation
. This proposal is part of the Biden administration's initiative to eliminate excessive "junk fees" and promote competition in the U.S. economy
