According to the Equal Credit Opportunity Act, how much will a practice have to pay if a credit applicant joins and wins a class action lawsuit against the practice?

Question

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The Equal Credit Opportunity Act stipulates that in a class action lawsuit, the liable party may have to pay up to $500,000 or 1% of the net worth of the practice, whichever is less. This is designed to limit the financial damage to the practice while still providing a deterrent against discriminatory credit practices.

According to the Equal Credit Opportunity Act, How Much Will