Fernandez v. CoreLogic Credco, LLC
SettledU.S. District Court, Southern District of California · 3:20-cv-01262 JM(SBC) · Final approval June 10, 2024
- Settlement total
$58,500,000
- Class size
~700,000 consumers across three classes
- Statute
FCRA 15 U.S.C. § 1681
- Per-class payouts
Disclose $1,000 · Identify $500 · Inaccurate ~$47
The complaint alleged that Credco's reseller credit reports flagged consumers as "potential matches" to names on the U.S. Treasury's Office of Foreign Assets Control (OFAC) Specially Designated Nationals list using name-only matching, even when other identifying data (birthdate, Social Security number, address) did not match. The lead plaintiff was falsely matched with a Mexican narcotics trafficker who had the same surname. The consequence for class members was either being denied credit or facing extended verification delays. The $58.5M settlement creates three classes with differentiated payouts; the structural relief requires Credco to use additional identifying data beyond name to confirm OFAC matches going forward. This is one of the larger FCRA class settlements against any specialty CRA in the directory.

















