LexisNexis Pays $14M In Suit Over Reports Sold To Debt Cos.

By Juan Carlos Rodriguez (March 18, 2013, 1:55 PM EDT) -- LexisNexis Risk & Analytics Group Inc. will pay $13.5 million and overhaul its Accurint background search product to settle nationwide class action claims that it sold reports to debt collectors without following consumer protection laws, it said Friday.

Under the proposed settlement, about 31,000 class members will get a payment from the $13.5 million deal. LexisNexis will also separate its sale of Accurint for Collections reports — which it currently does not treat as "consumer reports" as defined under the Fair Credit Reporting Act — based on content and use, according to a joint motion to approve the settlement.

The dispute...

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