If a credit reporting agency is found to have violated the rights of a consumer, damages may not exceed $25,000.

Question

Quizplus · Accepted Answer

The maximum amount of damages that can be awarded for violations of the Fair Credit Reporting Act is actually $1,000, or actual damages, whichever is greater. In cases where the credit reporting agency is found to have willfully violated the law, the damages can be up to $5,000.

If a Credit Reporting Agency Is Found to Have Violated