Wells Fargo settlement 2025: You might be eligible for $5,000 - Here's how
Wells Fargo customers in California can submit claims for compensation online by April 11, 2025, for calls made without consent.
Wells Fargo customers in California may be eligible for up to $5,000 from a 2025 class-action settlement tied to alleged illegal call recordings by a third-party vendor, The Credit Wholesale Co. Inc. The lawsuit claims that these calls, made without proper consent, violated the California Invasion of Privacy Act (CIPA).
The violations reportedly occurred between October 22, 2014, and November 17, 2023. Although Wells Fargo and the vendor deny wrongdoing, they settled for $19.5 million to resolve the claims and avoid further litigation, per Southern Ontario.
Do nothing and receive a settlement check
“If you were identified as a Class Member and did not request exclusion from the Settlement, you will receive an Automatic Payment from the Settlement Fund. Since the Settlement was granted final approval by the Court, you will release the claims in this litigation.” the Wells Fargo settlement page reads.
Additional Claims
You could have sought Additional Compensation if you believe that being placed into forbearance without your informed consent led to denied or delayed credit applications or caused other damages. To apply, you needed to complete and return the Claim Form, postmarked no later than January 10, 2025. Since the Court has granted final approval of the Settlement, you are bound by its terms and cannot pursue individual or class action lawsuits against Wells Fargo for the Class Released Claims addressed in this Settlement.
How to Claim Your Payment
California residents or businesses who received calls from The Credit Wholesale Co. Inc. during the specified period may qualify for compensation. Each unconsented recorded call could yield approximately $86, with potential payouts reaching $5,000 depending on the number of claims filed.
To file, you only need the phone number that received the calls—no additional proof is required. Claims must be submitted by April 11, 2025, through the official settlement portal. A final approval hearing is set for May 20, 2025.
Visit the settlement website or resources like Top Class Actions for filing instructions and links.
This settlement highlights the importance of consumer privacy protections, particularly under California’s strict consent laws. Act promptly if you believe you’re eligible for this potential compensation.
