Claims period opens for recipients of unauthorized robocalls and texts from Wells Fargo regarding automobile loansJune 19, 2017
UPDATE: The Northern District of Georgia approved the settlement in November 2017, and all settlement awards were distributed to Settlement Class Members.
ATLANTA, June 19, 2017 /PRNewswire/ -- A proposed settlement has been reached in a class action lawsuit against Wells Fargo Dealer Services, Inc., a division of Wells Fargo Bank, N.A. ("Wells Fargo"). The lawsuit alleges Wells Fargo violated the Telephone Consumer Protection Act ("TCPA") by using an automatic telephone dialing system and/or an artificial or prerecorded voice to initiate calls or text messages to cell phones ("Automatic Calls") in connection with automobile retail installment sale contracts without prior express consent. Wells Fargo denies the allegations, and the Court has not decided who is right. Instead, both sides agreed to a settlement.
You are included in the settlement as a Settlement Class Member if you received an Automatic Call from Wells Fargo in connection with an automobile retail installment sale contract between April 1, 2011 and March 30, 2016.
Wells Fargo has agreed to create a $14,834,058 Settlement Fund. The Fund will be used to make cash payments to Settlement Class Members who submit valid claims and to pay Class Counsel's attorneys' fees and costs (up to $4,450,217.40), a service award to the Class Representative (up to $20,000), and settlement administration costs. Settlement Class Member's payments are estimated to be between $20 and $50, but they will depend on the total number of approved claims that are filed.