Final answer:
The private remedies for violation of the Equal Credit Opportunity Act (ECOA) include compensatory damages, injunctions, and attorney's fees. Punitive damages are not included.
Step-by-step explanation:
The private remedies for violation of the Equal Credit Opportunity Act (ECOA) include compensatory damages, injunctions, and attorney's fees. Punitive damages are not available under this law.
Compensatory damages are monetary awards intended to compensate the victim for any actual losses suffered as a result of the violation. Injunctions are court orders that require the violator to cease the discriminatory practices. Attorney's fees can also be awarded to the victim to cover the expenses of legal representation in pursuing the case.
Overall, these private remedies aim to provide fair compensation, stop the discriminatory practices, and cover the costs of legal action.