AT&T has agreed to a $60 million settlement with the Federal Trade Commission for allegedly misleading customers about its "unlimited" data plans. The FTC sued AT&T in 2014, saying it failed to "adequately disclose" to those who signed up for its unlimited data plans that their data speeds would be throttled if they used a certain amount in a billing cycle. Under the settlement, AT&T can't represent its data plans as "unlimited" without "disclosing any material restrictions on the speed or amount of data." The $60 million will be deposited into a fund used to provide partial refunds to current and former customers who signed up for the unlimited plans before 2011.
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