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: Reasonable BasisFACTA class actions are over
Yesterday the President signed into law H.R. 4008, the "Credit and Debit Card Receipt Clarification Act of 2007." Now Public Law No. 110-241, the statute provides that it is not a "willful" violation of FACTA to fail to remove the expiration date from a credit or debit card receipt, but otherwise comply with the act. Since statutory damages are available only for willful violations of FACTA, the statute effectively kills dozens of class actions currently before courts.
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Full post as published by Reasonable Basis on June 04, 2008 (boomark / email).
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