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High Court Upholds Damage Cap on Loan Agreements

In an 8-1 ruling, the Supreme Court upholds the $1,000 damage limit under the federal Truth in Lending Act. The case involved a man who was misled while arranging a car loan. The consumer maintained that changes in the law approved by Congress meant that he was entitled to more than the law's original damages cap. Hear NPR's Nina Totenberg.

Copyright 2004 NPR

Nina Totenberg is NPR's award-winning legal affairs correspondent. Her reports air regularly on NPR's critically acclaimed newsmagazines All Things Considered, Morning Edition, and Weekend Edition.