I was really surprised by this, because I did not tell Verizon this information, or ask them to store it on my behalf. It appears they have lifted the information remotely from the ActionTec router that they supplied me with.
It bothers me that they are storing this information about me, because it could conceivably be (1) stolen by hackers, (2) subpoena'd by the government, (3) silently borrowed by the NSA, or other uses that haven't yet come to mind.
Do other ISP's also silently store their customers' password information without the knowledge of the customer? Should we be outraged about this? I would rather that my private information not be stored without my consent, at the very least.