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Congress's FACTA patch

Following an outcry from the business community, lawmakers on Capitol Hill claim to have fixed the notorious "gotcha" statute on credit card receipt privacy, which entrepreneurial plaintiffs had used to gin up gigantic class actions with no proof of actual harm. But as Randy Maniloff points out in a WLF paper (PDF), the fix actually leaves retailers, especially the unsophisticated mom-and-pops, wide open to another wave of opportunistic suits down the road.

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.