English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

In recent years, the use of private remedies to enforce regulatory statutes has received increasing attention. The Truth in Lending Act,1 the Fair Credit Reporting Act, and proposed consumer class action bills3 reflect the view that private remedies are needed both to reimburse persons harmed by unlawful activities and to dissuade potential offenders from violating the law. These restitutional and deterrent considerations were the basis for the inclusion of a private remedy provision in the 1971 Economic Stabilization Act amendments. 4 In pertinent part, section 210 of the Act provides that "[a]ny person suffering legal wrong because of any act or practice arising out of [the Act], or any order or regulation issued pursuant thereto, may bring an action in a district court of the United States, without regard to the amount in controversy, for appropriate relief, including an action for a declaratory judgment, writ of injunction ... , and/or damages."5 Congress in enacting this section recognized that it would be inequitable to allow sellers charging an unlawfully high price to retain an overcharge and thus provided a means for reimbursing buyers. In addition, Congress apparently believed that section 210 could act as a "strong deterrent" to sellers who might weigh the risks of having their illegally high prices discovered against the economic gain of overcharges. 6 The absence of any extensive governmental machinery to police and enforce price control regulations may have made private remedies appear especially desirable to Congress. This article discusses certain important issues surrounding actions for overcharges under this private remedy section, including the sub-

Private Suits for Overcharges under the Economic Stabilization Act