; and (2) the total recovery (excluding reasonable attorney’s fees as determined by the court) of the class shall not exceed the lesser of— (A) $500,000; or (B) 1 percent of the net worth of such person. . (b) Negligent noncompliance Section 617 of the Fair Credit Reporting Act ( 15 U.S.C. 1681o7 ) is amended by adding at the end the following new subsection: (c) Class action lawsuits With respect to a class action (as such term is defined in section 1711 of title 28, United States Code), or series of class actions arising out of the same failure to comply of a person, brought by consumers against a person who negligently fails to comply with any requirement imposed under this title, such person is liable to such consumers in an amount equal to the sum of any actual damages sustained by the consumers as a result of the failure, except that the total recovery (excluding reasonable attorney’s fees as determined by the court) of the class shall not exceed the lesser of— (1) $500,000; or (2) 1 percent of the net worth of such person. .