US Supreme Court maintains cap on recoveries for finance charge violations Jeannie Shawl at 10:31 AM ET
[JURIST] In a decision handed down Tuesday morning, the US Supreme Court ruled that the damages cap of $1,000 on recoveries under the Truth in Lending Act remained unchanged when Congress changed other TILA terms in 1995. The case is Koons Buick Pontiac GMC v. Nigh (case backgrounder from Duke Law School). Cornell's Legal Information Institute has today's opinion, per Justice Ginsburg, along with Justice Stevens' concurrence, Justice Kennedy's concurrence, Justice Thomas' concurrence, and Justice Scalia's dissent. AP has more.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.