Litigation Practice Client Alert: Companies Face Potentially Ruinous Damages from FACTA Lawsuits
14 August 2007
Mayer Brown Newsletter
August 2007 -- Lawsuits have been filed against more than 100 companies in 2007 for violating a key provision of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). These suits, which seek relief on behalf of classes of consumers, expose defendants to the risk of potentially ruinous statutory penalties.