Verizon Wastes No Time Switching Device Unlock Policy To 365 Days

An anonymous reader quotes a report from DroidLife: When the FCC cleared Verizon of its 60-day device unlock policy a week ago, we talked about how the government agency, which is as anti-consumer as it has ever been at the moment, was giving Verizon the power to basically create whatever unlock policy it wanted. We also expected Verizon to make a change to its policies in a hurry and they did not disappoint. Again, the FCC provided them a waiver 7 days ago and they are already starting to update policies. As of this morning, Verizon has implemented a new device unlock policy across its various prepaid brands and I'd imagine their postpaid policy change is right around the corner. Brands like Visible, Total Wireless, Tracfone, and StraightTalk, all have an updated device unlock policy today that extends to 365 days of paid and active service before they'll free your phone from the Verizon network. Starting January 20, Verizon says that devices purchased from their prepaid brands will only be unlocked upon request after 365 days and if you meet several requirements [...]. What exactly is changing here? Well, if you purchased a device from Verizon's value brands previously, they would automatically unlock them after 60 days. Now, you have to wait 365 days, request the unlock because it doesn't happen automatically, and also have active service. [...] The FCC mentioned in their waiver that by allowing Verizon to create whatever unlock policy they wanted that this would "benefit consumers." How does any of this benefit consumers?

Read more of this story at Slashdot.