A $19.5 million settlement has been agreed to settle a proposed class action lawsuit in which two small businesses alleged they were secretly recorded after telemarketing calls placed on behalf of Wells Fargo, Priority Technology Holdings and Priority Payment Systems by the Credit Wholesale Company, Inc. The $19,500,000 settlement addresses a class that consists of all companies and individuals who were called at least once by the Credit Wholesale Company, Inc. in California from October 22, 2014 through November 17, 2023.
Wells Fargo Bank Settlement Payment Status
Only class members who file a valid claim form online or via mail by April 11, 2025 will be allowed to collect a cash payment from the deal. Under terms of the settlement deal, class members who submit a timely, proper claim form are eligible for a cash payment for each eligible call they made. While final payment value will hinge on the number of proper claims filed, the minimum payment per call is projected to be $86, although, this settlement website states that the amount could reach up to $5,000.
$19.5M Wells Fargo Bank Settlement – Overview
| Article On | Wells Fargo Bank Settlement Payment Status |
| Country | United States (California) |
| Company Under Lawsuit | Wells Fargo Bank |
| Settlement Name | $19.5M Wells Fargo Call Recording Class Action Settlement |
| Total Settlement Amount | $19.5 Millions |
| Eligible Period | From October 22, 2014 to November 17, 2023 |
| Beneficiary | Individuals who received call from the Credit Wholesale Company Inc. during eligible period |
| Final Approval Hearing Date | May 20, 2025 |
| Payment Date | Yet to be Finalized |
| Individual Payout | Around $86 to $5000 (Depends on the number of calls made and claims filed) |
| Category | Class Action |
| Official Website | callrecordingclassaction.com |
About the Wells Fargo $19.5 Million Settlement
The allegations that Wells Fargo—more especially, a third-party sales partner named The Credit Wholesale Co. Inc.—illegally recorded phone conversations with Californians and businesses without their consent are the basis for this settlement. According to the California Invasion of Privacy Act (CIPA), that is a serious infraction. Credit Wholesale Co., acting on behalf of Wells Fargo Bank N.A. and Priority Technology Holdings Inc., is accused of recording hundreds of calls between October 22, 2014, and November 17, 2023, without informing the other party.
Usually, these were calls to schedule appointments or to make sales pitches for credit card processing services. All parties must be notified when a call is being recorded in accordance with California law. They were accused of violating that rule in this litigation. As per the Top Class Actions, this settlement has been agreed by the Wells Fargo Bank only to evade prolonged legal fight, however they did not admit any wrongdoing.
Are You Eligible for the Wells Fargo $19.5 Million Settlement?
The eligibility criteria of the Wells Fargo $19.5M Settlement is so simple. It is not required by you that you must be a customer of Wells Fargo bank to qualify for this settlement. Instead of this, if Credit Wholesale Co. Inc. called you between October 22, 2014 to November 17, 2023, then you are qualified for this settlement. Also, you must also have a business or be residing in California during the eligible period of the $19.5M Wells Fargo Settlement.
Wells Fargo $19.5M Bank Settlement Payment Status
The date on which claimants will receive the payouts of the Wells Fargo $19.5 Bank Settlement has not been finalized yet by its administrators. However, the other key dates of this settlement are –
| Opt-Out Deadline | April 4, 2025 |
| Objection Deadline | April 4, 2025 |
| Claim Submission Deadline | April 11, 2025 |
| Final Approval Hearing Date | May 20, 2025 |
Payment Amount of This Settlement
Although, payouts of the Wells Fargo $19.5M Settlement will vary based on the number of eligible claims received, the estimated call payout is approximately $86. If you were called multiple times, your overall compensation could add up quite a bit.
Some claimants may even receive as much as $5,000, depending on the number of times they were called and how the final settlement amount is split. That is to say, if you received only a handful of calls throughout the years, you might still leave with a few hundred dollars—or a lot more.
How Can You Apply for the Wells Fargo $19.5M Settlement?
Online claim filing is the simplest part of the Wells Fargo Bank Settlement. Eligible people and companies can submit their information on the official website created of this settlement. All you will have to do is –
- Type in the phone number or numbers on which Credit Wholesale Co. Inc. called you.
- Provide the company name (if relevant).
- Complete the necessary fields and then submit your $19.5M Wells Fargo Bank Settlement claim.
Thus, the application process of this settlement is so simple as it does not require complex documents and lengthy time to process. However, you can no longer file this claim as its deadline of claim submission was on April 11, 2025 which is now gone.
Key Reason Behind Wells Fargo Agreement to This Settlement
This case is simply one more chapter in Wells Fargo’s continuous efforts to overcome regulatory concerns; the company has had its share of legal challenges in the past. The bank agreed to the $19.5 million settlement in order to resolve the case without a trial, despite the fact that they deny any wrongdoing.
The Credit Wholesale Co. Inc. has consented to cease recording calls to Californians or businesses to schedule appointments without first alerting them as part of the settlement. This case demonstrates California’s commitment to upholding citizens’ right to privacy and the need for businesses to use utmost caution while managing private discussions.
| Official Website | Click Here |
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