Credit Bureau Connection to Pay $2.7 Million to Settle FCRA Suit

Credit Bureau Connection Inc., would pay more than $2.7 million to settle a class action alleging it provided false information on credit reports to automobile dealerships, under a deal given preliminary approval by a federal court.

Credit Bureau allegedly indicated that some potential buyers were on a watch list created by the Department of Treasury to enforce trade sanctions. The settlement would provide payments of $1,000 to each of the 1,071 class members without the need for a claim form or any other response.

Plaintiff Sung Gon Kang alleged in the lawsuit, filed in the US District Court for the ...