On May 8, 1978, the United States filed this suit against Beneficial Corporation and Beneficial Management Corporation ("Beneficial"), alleging violations of §§ 1691-1691f of the Equal Credit Opportunity Act ("ECOA" or the "Act"), Pub.L. No. 94-239, 90 Stat. 251 et seq., 15 U.S.C. § 1691 et seq ...
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On May 8, 1978, the United States filed this suit against Beneficial Corporation and Beneficial Management Corporation ("Beneficial"), alleging violations of §§ 1691-1691f of the Equal Credit Opportunity Act ("ECOA" or the "Act"), Pub.L. No. 94-239, 90 Stat. 251 et seq., 15 U.S.C. § 1691 et seq. (1976) and its implementing provision, Regulation B, 12 C.F.R. § 202. The complaint alleged that Beneficial had discriminated against credit applicants on the basis of marital status and age and further had failed to supply rejected applicants with the required notice. The United States sought both injunctive relief and money damages on behalf of affected individuals.
On November 19, 1979, Beneficial sought partial summary judgment, claiming that, as a matter of law, the Government has no statutory authority to seek legal money damages. On June 1, 1980, U.S. District Court Judge Sarokin agreed, holding that the ECOA authorized injunctive relief but not money damages. United States v. Beneficial Corp., 492 F. Supp. 682 (D.N.J. 1980). The District Court's decision was affirmed on appeal, without reported opinion. 673 F.2d 1302 (Table).
We don't know anything more about what happened in that case.
Andrew Nash - 06/02/2008
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