Programmatic Relief. 3.2.1 Discover will review, and as appropriate amend, its lending policies and procedures for its student lending, personal lending and home loan lines of business to ensure that DACA applicants will be evaluated for credit eligibility on terms comparable to U.S. citizens. Notwithstanding the foregoing, each DACA applicant, taking into account their individual circumstances as well as investor requirements, must satisfy Discover’s credit requirements and underwriting guidelines to determine whether the applicant is entitled to credit and, if so, the terms if qualified for credit. To the extent the government’s DACA policies are ended, revoked, repealed or otherwise cease to exist or are unenforceable for any reason, Discover shall have no obligation to extend credit pursuant to the terms of this settlement to former DACA recipients. Nothing in this paragraph is an admission either about Discover’s current or past practices or an admission that the Agreement’s terms are mandated by law or other requirement. 3.2.2 The relief set forth in this Section shall not operate as an injunction or otherwise provide any Settlement Class Member, governmental official or agency or any other person or entity with any right or power to seek direct enforcement of its terms, except a Settlement Class Member may seek relief from the Court as to a breach of the terms of this Agreement.
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Sources: Settlement Agreement
Programmatic Relief. 3.2.1 Discover SoFi will review, and as appropriate amend, amend its lending policies and procedures for its student lendingas appropriate to provide that, personal lending subject to investor requirements, DACA and home loan lines of business to ensure that DACA CPR applicants will be evaluated for consumer credit product eligibility on the same terms comparable to as U.S. citizenscitizen applicants. Notwithstanding the foregoing, each DACA and CPR applicant, taking into account their individual circumstances as well as investor requirementscircumstances, must still satisfy DiscoverSoFi’s credit requirements and underwriting guidelines to determine whether the applicant is entitled to credit and, if so, the terms if qualified for of that credit. (“Programmatic Relief”). To the extent the government’s DACA or CPR policies are ended, revoked, repealed repealed, or otherwise cease to exist or are unenforceable for any reason, Discover SoFi shall have no obligation to extend credit pursuant to the terms of this settlement to former DACA recipients. recipients or CPR’s.
3.2.2 Nothing in this paragraph Section 3.2.1 is an admission either about DiscoverSoFi’s current or past practices practices, or an admission that the Agreement’s terms are mandated by law or other requirement.
3.2.2 3.2.3 The relief set forth in this Section shall not operate as an injunction or otherwise provide any Settlement Class Member, Member or governmental official or agency agency, or any other person or entity with any right or power to seek direct enforcement of its terms, except a Member of the Settlement Class Member may seek relief from the Court as to a breach of the terms of this the Settlement Agreement.
Appears in 1 contract
Sources: Settlement Agreement