HOLMDEL — A Monmouth County-based home phone services company has agreed to pay $100 million to settle allegations of deceptive and unfair practices.

The Federal Trade Commission announced that it had taken action against Vonage for charging junk fees and trapping customers into unwanted subscriptions.

Under the terms of the deal, Vonage neither admitted nor denied the allegations, while agreeing to make its process more transparent.

“We're requiring Vonage to simplify its cancellation process and pay $100 million,” FTC Chairperson Lina Khan said on Thursday via Twitter.

Vonage previous headquarters on Main Street in Holmdel (Google Maps)
Vonage previous headquarters on Main Street in Holmdel (Google Maps)

Similar allegations were made in 2009, ending in a multi-state settlement.

Vonage agreed to change its policies after New Jersey and 21 other states accused the company of making it difficult or impossible for customers to cancel their service.

WPG Talk Radio 95.5 FM logo
Get our free mobile app

Earlier this year, Vonage was bought by Ericsson in a $6.2 billion deal with the Swedish company.

In August, Vonage moved its headquarters within Holmdel from 23 Main Street to the Bell Works campus, as previously reported by Asbury Park Press.

25 True Crime Locations: What Do They Look Like Today?

Below, find out where 25 of the most infamous crimes in history took place — and what the locations are used for today. (If they've been left standing.)

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

More From WPG Talk Radio 95.5 FM