Prometheus 6

Judge Approves Credit Bureau’s Settlement Plan
By BLOOMBERG NEWS

TransUnion, the credit reporting agency, won preliminary court approval to pay $75 million to settle lawsuits filed on behalf of as many as 150 million people accusing it of improperly selling consumer credit information. The company would allow qualified consumers six months of unlimited free access to their credit reports and an as-yet undetermined cash award, under the terms of the accord approved by a Federal District Court judge, Robert Gettleman, in Chicago.

The cash award is fifty cents per person.

The lawsuits accuse the company of selling marketing lists grouping consumers by their credit profiles, in violation of the federal law. TransUnion admits no wrongdoing in the settlement.

Of COURSE they admit no wrongdoing.