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$16.3M Wells Fargo TCPA Class Action Settlement Reached

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Santa Clara, CA: A preliminary $16.3 million settlement has been reached in a class action lawsuit pending against Wells Fargo Bank, N.A. (Wells). In the lawsuit, the plaintiffs contend that the bank made unauthorized calls to customers’ cell phones using an Automatic Telephone Dialing System (ATDS), in violation of the Telephone Consumer protection Act (TCPA).

The lawsuit, originally filed on April 14, 2015, alleged that the calls at issue were , without exception, non-emergency, debt-collection calls and texts made in connection with Home Equity Loans and Residential Mortgage Loans.

Under the terms of the proposed settlement, Wells would pay a non-reversionary cash sum of approximately $16,319,000, which, after deductions for costs and attorney’s fees, would be distributed on a pro rata basis to the Class Members who file qualified claims. The expected per-class-member cash award, while dependent upon the number of claims, may be in the range of $25 to $75.

The proposed Settlement Class is defined as: All users or subscribers to a wireless or cellular service within the United States who used or subscribed to a phone number to which Wells made or initiated one or more Calls during the Class Period using any automated dialing technology or artificial or prerecorded voice technology, according to Wells available records, and who are within Subclass One and/or Two.

Subclass One consists of “persons who used or subscribed to a cellular phone number to which Wells Fargo made or initiated a Call or Calls in connection with a Residential Mortgage Loan.”

Subclass Two consists of “persons who used or subscribed to a cellular phone number to which Wells Fargo made or initiated a Call or Calls in connection with a Home Equity Loan.”

A person who is a member of both Subclasses is eligible to make two claims on the Settlement Fund. The three Class Representatives are seeking awards for their time and effort on behalf of the Class, and Wells has agreed not to object to such incentive payments to be paid to Davis, Markos, and Page from the Settlement Fund provided that the payments do not exceed $60,000 in the aggregate or $20,000 for each Class Representative, subject to Court approval.

The case is Markos v. Well Fargo Bank, N.A. (United States District Court for the Northern District of Georgia, Case No. 1:15-CV-01156).

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Reader Comments

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I filed a claim within the time frame allowed before 12.23.19. My unique ID is xxxxxxxxxx.
I have not received any payment. Others have told me they received payment and showed me the check.

Posted by

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I moved and have not received any checks. .Reguardless of how little.

Posted by

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I RECEIVED A SMALL AMOUNT BUT I DO NOT AGREE THAT IT WAS NOT THE AMOUNT I DESERVED.

Posted by

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I received a check for $4.44 but my bank reader cannot read the check to cash it,so I need to hear from you.

Posted by

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I found the check that you sent me today dec 18i was woundering if it was still good would you please email me back if check is still cood

Posted by

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who do I contact about this settlement case 1.15-cv-01156,

Posted by

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Wow I received A check for $18.55 from the settlement with Wells Fargo . So much money after Wells Fargo only beat me out of A couple thousand dollars that I'm still paying back to them even though they admit that they stole from me . I love this messed up Fu&*ng country . USA USA USA USA

Posted by

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I got a loan with World Savings transferred to Wachovia, then assumed by Wells Fargo. I believe it was a predatory loan and I have paid over a million on interest over the years with the principle getting larger. I need lregsl representation to take on Wells Fargo. If you are interested in representing me or know of any firm that can go against Wells Fargo, please call me

Posted by

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Wells Fargo

Posted by

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Call me I need to claim my account that's been

Posted by

on
Why is it, in these lawsuits people are only getting a small amount of money, where is all these millions really going?

Posted by

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Unauthorized 3rd party phone calls is very frustrating we have been with well Fargo in 1988 the and started again in 2005 till currently with them now

Posted by

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Call come an I ask how did you get this number

Posted by

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I received a call about changing mortgage companies

Posted by

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wells fargo is one bat bat bank

Posted by

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Yes. I received calls. My parents even received calls about my account

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