Milne urges FCC to keep current Net neutrality rules
Wednesday, June 25, 2014 4:33 PM
Dwolla Inc. CEO Ben Milne wrote a letter submitted today to the Federal Communications Commission and Consumer Financial Protection Bureau urging FCC to keep the current "Net neutrality" regulations. Under current regulations, Internet service providers must allow all data to move through networks uninhibited, but the FCC is looking at rules that would allow providers to give faster service to some content. Milne wrote that new regulations are "a grave threat to an open Internet and to every industry that relies on the Internet for commerce and innovation." Milne worries that creating a "fast lane" and "slow lane" for Internet data will stifle competition in electronic and mobile payments.Click here for an article explaining Net neutrality.