Who is a Class Member
You are included in the Wells Fargo FCRA Settlement Class if your mortgage account was one of 78,000 mortgage loan accounts “not excluded from one or more of the quarterly account reviews Wells Fargo undertook in the second, third, or fourth quarters of 2015 or the first, second, or third quarters of 2016, inclusive (the “Quarterly Account Reviews”), and had a balance of $0.00 at the time of such Quarterly Account Review as reflected in Wells Fargo’s business records.”
If you don’t qualify for this settlement, check out our database of other class action settlementsyou may be eligible for.
- Between $137 and $275
The amount of your payout will depend on the total number of valid claims received. It is estimated that if 5-10% of Settlement Class Members submit a valid claim form, payments would fall between $137 and $275 per person. This is only an estimate; the actual amount of any payments may be higher or lower.
Proof of Purchase
- Claimants will need to provide their 12-digit Class Member ID founds on your Postcard Notice or Claim Package.
Wells Fargo FCRA Settlement Notes
- Martin v. Wells Fargo Bank, N.A.
- Case No. 1:16-cv-09483
- Pending in the U.S. District Court for the Northern District of Illinois
In October 2016, plaintiff Nicholas Martin brought this class action lawsuit alleging Wells Fargo violated the Fair Credit Reporting Act (FCRA) by obtaining and using consumer reporst without a permissible purpose. Specifically, the Wells Fargo FCRA class action lawsuit claims that the bank got this consumer reports for consumers who credit obligation or balance owed to Wells Fargo was paid off.
In Martin’s case, a short sale agreement in 2009 discharged any obligation he had with Wells Fargo. However, in March 2016 and again in June 2016, Wells Fargo obtained and used Martin’s consumer report. Martin sent a letter to Wells Fargo requesting what permissible purpose they had to access his credit report. In July 2016, Wells Fargo admitted in a letter to Martin that it has no permissible purposes to procure his consumer reports after 2009.
In agreeing to settle the FCRA class action lawsuit for $2.5 million, Wells Fargo admits to no wrongdoing. Complete details about the case and settlement can be found on the Wells Fargo FCRA Settlement website.
Class members who wish to exclude themselves or object to the Wells Fargo FCRA settlement must do so by April 16, 2018. Class members who wish to receive a cash payment from the settlement must submit their claim form on or before April 16, 2018.
- 4/16/18: Claim Form Deadline
- 4/16/18: Objection or Exclusion Deadline
- 6/29/18: Final Hearing at 10:00 a.m. CT* (class members do not need to attend this hearing in order to receive a slice of the settlement pie).
*Settlement Class Members who wish to speak at the hearing should check www.MartinvWellsFargoSettlement.com to confirm that the date or time of the Hearing has not been changed.
- Mail: Martin v. Wells Fargo Settlement Administrator, P.O. Box 4349, Portland, OR 97208-4349
- Phone: 1-844-551-1730
- Keith J. Keogh and Amy L. Wells of Keogh Law Ltd.