A $975,000 Discover Bank settlement resolves claims the bank denied Deferred Action for Childhood Arrivals (DACA) recipients loans despite them meeting lending requirements.
The Discover Bank settlement benefits recipients of valid and unexpired DACA status who applied for credit from Discover’s student, personal or home loan credit lines between July 22, 2018, and Feb. 29, 2024, and were declined credit or only received credit after meeting Discover’s requirement to have a U.S. citizen or lawful permanent resident as a cosigner.
According to the class action lawsuit, Discover Bank discriminated against DACA recipients by denying them student, personal and home loans. Plaintiffs in the case argue Discover imposed “unequal conditions” on them based on their DACA status in violation of the Civil Rights Act.
Discover provides online banking, credit cards, personal loans, student loans and home loans.
Discover Bank hasn’t admitted any wrongdoing but agreed to a $975,000 settlement to resolve the DACA class action lawsuit.
Under the terms of the Discover Bank settlement, class members from California can receive up to $2,500. Non-Californian class members can receive up to $250. These payments may be increased or reduced on a pro rata basis depending on the number of claims filed, but no individual payment will exceed $16,000.
The deadline for exclusion and objection is July 11, 2024.
The final approval hearing for the Discover Bank settlement is scheduled for Aug. 30, 2024.
To receive a payment from the Discover Bank settlement, class members must submit a valid claim form by July 11, 2024.
Who’s Eligible
Recipients of valid and unexpired DACA status who applied for credit from Discover’s student, personal or home loan credit lines between July 22, 2018, and Feb. 29, 2024, and were declined credit or only received credit after meeting Discover’s requirement to have a U.S. citizen or lawful permanent resident as a cosigner.
Potential Award
$2,500
Proof of Purchase
N/A
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
07/11/2024
Case Name
Perez, et al. v. Discover Bank, Case No. 3:20-cv-06896-SI, in the U.S. District Court for the Northern District of California
Final Hearing
08/30/2024
Settlement Website
Claims Administrator
Perez et al. v. Discover Bank
Settlement Administrator
PO Box 5338
Portland, OR 97228-5338
info@LendingSettlementDACA.com
Class Counsel
Ossai Miazad
OUTTEN & GOLDEN LLP
Defense Counsel
Julia B Strickland
STEPTOE LLP
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