The Wells Fargo Call Recording Settlement is a class action which will distribute $19 million among eligible claimants after deductions of administrative and other legal costs to resolve the allegations of violations of California Invasion of Privacy Act (CIPA).
This payout is expected to be issued in early 2026 if the settlement approves. Individuals will receive an estimated minimum payout of $86 and up to a maximum of $5,000. To take part in the class action, you have to submit a claim form by the set deadline.
Wells Fargo Call Recording Settlement
The Wells Fargo Call Recording Settlement is about the allegations of privacy violations under the California Invasion of Privacy Act (CIPA). The lawsuit claimed that The Credit Wholesale Company, Inc., a sales organization working on behalf of Wells Fargo Bank, N.A., recorded phone calls with California residents without their consent.
These calls were mainly about scheduling sales appointments with the businesses to sell credit card processing equipment and services. The defendants have not accepted any wrongdoing but they have agreed to pay $19 million to resolve this class action. Interested individuals must submit their claim firm with valid and accurate details by the deadline of 11th April 2025.
Wells Fargo Call Recording Settlement Key Dates
Here are the key dates and deadlines of the Wells Fargo Call Recording Settlement.
- Opt-Out Deadline & Objection Deadline: 4th April 2025
- Deadline to Submit a Claim: 11th April 2025
- Final Approval Hearing: 20th May 2025 at 10:30 a.m.
Who is eligible for Wells Fargo Call Recording Settlement?
The eligibility criteria of Wells Fargo Call Recording Settlement is discussed here so that interested individuals can easily check whether they can participate in this class action or not.
- Individuals and businesses whose calls were recorded between October 22, 2014, and November 17, 2023 are eligible entities.
- The calls were related to the appointment setting for sales and calls must have been made to a phone located in California.
- Those who will submit a claim form by the given deadline are considered eligible people.
- Those who will opt-out from this settlement class by the given deadline will not receive any payout.
How much can I expect through Wells Fargo Call Recording Settlement?
The total payout of Wells Fargo Call Recording Settlement is $19 million which is designed to cover payments for eligible claimants, administrative costs, attorney fees, class representative awards, and other related expenses. The exact payout of each claimant will be based on the number of valid claim forms.
The estimated payment per eligible call is $86 which can be increased for up to $5,000 if there will be less number of claim forms. Defendants will also pay up to $200,000 settlement fund for administration costs.
If the settlement payments for any claimant exceeds $600, then you have to submit a Form W-9 to the Settlement Administrator either by mail or secure online portal to get exceeding payments. If you will be required to submit Form W-9 then you can get assistance from the official website or settlement administrator.
When will payout of Wells Fargo Call Recording Settlement be distributed?
No payout distribution of Wells Fargo Call Recording Settlement will happen before the final approval hearing because on 20 May 2025 at 10:00 am, the final approval hearing will take place to decide the fairness of the settlement. After approval, there will be an appeal phase which will be followed by the verification of claim forms and calculation of settlement funds.
If the settlement approves, the settlement fund will be distributed among eligible claimants through paper checks or bank transfer. The payout expected distribution timeline can be early 2026. This timeline can be changed due to several reasons such as high number of claim forms, payment method, and other administrative proceedings.
How to file a claim form for the Wells Fargo Call Recording Settlement?
The step by step process to file the claim firm of Wells Fargo Call Recording Settlement is provided here.
- Go to the official settlement website by following this link https://www.callrecordingclassaction.com/.
- Choose the method either online or by mail to file a claim form. You must have a Claim Number and PIN OR the phone number from The Wholesale Credit Company has called you to access the claim form from the official website.
- After accessing, fill the claim form with all the required and necessary details which includes your phone number or business name that received the call, as well as any other supporting documentation that may be required.
- Don’t forget to miss any details such as payment method information to avoid later inconvenience.
- Submit claim form by ensuring the validity of each given detail. Upon submission, the class administrator may ask for additional information if needed so respond quickly.