United SA FCU Pays $500,000 To Settle Credit Report Suit
SAN ANTONIO – United SA FCU has agreed to a $500,000 settlement of a class-action lawsuit that alleged the credit union obtained credit reports of former members.
The lawsuit claimed the credit union obtained credit scores of former members from TransUnion credit bureau after they closed their accounts, in violation of the Fair Credit Reporting Act. Under the settlement, the credit union denies accessing the credit scores was illegal, and says it was unintentional even if impermissible.
According to the suit, approximately 7,500 people had their TransUnion credit scores accessed by the credit union after they had closed their accounts.
The people affected by the class-action suit have been mailed notices and claim forms explaining they are entitled to seek up to $100 each from the settlement fund. The final pro-rated amount will be determined by the number of claims.