District Court Preliminarily Approves $2.7 Million FCRA Settlement

The U.S. District Court for the Eastern District of California has preliminarily approved a class action settlement that would require a corporate defendant to pay $2.7 million to resolve allegations that it provided false information on credit reports to auto dealers. The defendant in the case sells credit reports to auto dealers, flagging a consumer as an “OFAC Hit” if it matches a name on the SDN list. A class action was filed, pleading claims under the FCRA and California’s CCCRAA alleging his name inaccurately came up as an OFAC hit on a credit report sold to an auto dealer.

 

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Posted Under: Legal Issues

Post By Ken Shafton (2,326 Posts)