Home Buyer’s FCRA Class Suit Alleging Faulty Credit Reports Settled For $96,000

(April 24, 2024, 3:52 PM EDT) -- PHOENIX — A federal judge in Arizona largely granted final approval of $96,000 class settlement agreement in a lawsuit by a home buyer accusing a credit reporting company of failing to ensure that it was providing accurate credit reports after it reported him and others as “deceased,” opining that each of the 67 class members, down from the original estimate of 91, is entitled to receive the maximum statutory amount of $1,000 but that the $24,000 remaining that the lead plaintiff sought to distribute to the class members as “additional compensatory damages” will instead go to the parties’ cy pres recipient as there was no proof of additional actual damages or an agreement for punitive damages....