Corporate
Mar. 8, 2011
Why Liability Is Unlikely in Many ZIP Code Credit Card Transaction Cases
Lawsuits challenging ZIP code transactions stand to gain nothing. By Jeffrey A. Cohen and Alexander Yoffe of Cohen & Richardson PC.
The Song-Beverly Credit Card Act, which regulates the use of consumer data in connection with credit card transactions, was enacted in 1971 when the Internet and electronic transactions were in their infancy. While much has changed since 1971 in regard to the way credit card transactions take place, the Act has seen minimal changes since its enactment. While the state Supreme Court's recent decision in Pineda v. Wil...
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