Claims period opens for recipients of unauthorized robocalls and texts from Wells Fargo regarding overdrafts of deposit accountsOctober 17, 2016
UPDATE: The Court granted final approval to the settlement on February 10, 2017. Settlement awards were mailed on May 5, 2017 to all Class Members who filed a valid and timely claim.
BOCA RATON, Fla., Oct. 17, 2016 /PRNewswire/ -- The following statement is being issued by Greenwald Davidson Radbil PLLC regarding Cross v. Wells Fargo Bank, N.A.
A lawsuit is currently pending claiming that Wells Fargo Bank, N.A., ("Defendant" or "Wells Fargo"), violated the Telephone Consumer Protection Act by calling or sending texts to cellphones without prior express consent. The lawsuit claims Wells Fargo used an automatic telephone dialing system or artificial or prerecorded voice technology to make or initiate calls in connection with overdrafts of deposit accounts during the Class Period, which is April 21, 2011 to December 19, 2015. Wells Fargo denies that it broke the law and denies doing anything wrong.
Under the Settlement, which must be approved by the Court, each Class Member who submits a valid and timely Settlement Claim will receive a cash award. Class Counsel estimates that the amount of the cash award (while dependent upon the number of claims) may range from $25 to $70.