Federal Judge Caps Statutory Damages Request In Credit Card Suit

Federal Judge Caps Statutory Damages Request In Credit Card Suit

NEW YORK - A federal judge in New York on Nov. 4 denied the dismissal of a class action complaint alleging that a Citicorp subsidiary failed to comply with the Truth in Lending Act (TILA) billing notice requirements in a consumer's credit card statement but granted the subsidiary's motion to strike the consumer's request for $1 million in statutory damages (Marcy Zevon v. Department Stores National Bank, No. 12-7799, S.D. N.Y.; 2013 U.S. Dist. LEXIS 157784).

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