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Consumers score under Fair Credit Act (access required)

Bank socked for $80K in punitives, despite no actuals

Consumers won big last week in two federal court rulings interpreting the Fair Credit Reporting Act. In one case, the 4th U.S. Circuit Court of Appeals upheld an award of $80,000 in punitive damages under the FCRA even though the jury found no basis for any actual damages. In the other case, a ...

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