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SCOTUS’ Spokeo decision may extend to class actions
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Banking, Case Law, Dodd-Frank Basics
Friday, June 10, 2016
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The Supreme Court ruled on Spokeo, Inc. v. Robins on May 16, holding that plaintiffs who bring class actions must suffer a particularized and concrete injury in order to establish standing. Plaintiffs cannot base claims solely on technical statutory violations. Spokeo involved the Fair Credit Reporting Act but may have implications for the Real Estate Settlement Procedures Act, Truth in Lending Act, Electronic Fund Transfer Act, Fair Debt Collection Practices, and the Fair Housing Act, among others. Read on to learn more.
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