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Home / News Stories / Punitives award of 8:1 upheld on FCRA claim (access required)

Punitives award of 8:1 upheld on FCRA claim (access required)

A Richmond bank has to pay $80,000 in punitive damages - 80 times the compensatory damage award - on a car buyer's claim that the bank violated the Fair Credit Reporting Act when it reported to credit agencies derogatory information about the buyer's payment history. The buyer detailed a history of frustration with the defendant bank. The ...