Virginia consumer lawyers have scored a judgment worth nearly $12 million in a class action against a credit reporting company that deliberately obscured sources of information on credit reports.
The misleading information likely hampered consumers trying to discover the sources of unfavorable credit data on their reports.
The agreed judgment followed a ruling last yearfrom U.S. District Judge John A. Gibney Jr. that Experian Information Solutions Inc. had committed a willful violation of the Fair Credit Reporting Act.
The settlement calls for a payment of $170 each to 69,103 consumers, according to the judge’s order and information from attorneys in the case. The total payout comes to $11,747,510.
Read more about the case here: