Wells Fargo Fake Accounts Class Action Settlement
You may be a member of the class if, anytime from May 1, 2002, through April 20, 2017:
Wells Fargo opened a checking or savings account, credit card, or line of credit in your name without your consent, or submitted an application for a checking or savings account, credit card, or line of credit without your consent. This Notice refers to these sorts of accounts and applications as “Unauthorized Accounts.”
You obtained Identity Theft Protection Services from Wells Fargo.
Fee Reimbursement: There will be two types of reimbursement. The actual fees for accounts opened between January 1, 2009 and April 20, 2017. For accounts opened prior to January 1 2009 the class members will receive a flat reimbursement as the bank does not have documents to calculate the fees. The amount will be determined once all the qualified members have filed and will be equal to the average Fee Reimbursement payment made to Class Members with an unused Unauthorized Account opened from January 1, 2009, through April 20, 2017.
Credit Impact Damage: Credit Impact Damages are designed to compensate Class Members who paid higher interest rates on loans or credit cards because their credit scores were hurt by certain Unauthorized Accounts (a credit card, line of credit, small business deposit account, or an unauthorized application for one of those products).The attorneys representing the Class Members have hired experts to calculate your Credit Impact Damages.
Additional Compensation:Class Members will receive any money remaining in the Settlement Fund after all claims for Fee Reimbursement and Credit Impact Damages and attorneys’ fees and costs have been paid. The amount of additional compensation you will be eligible to receive will be based on the number of claimed Unauthorized Accounts opened in your name and authorized enrollment in Wells Fargo Identity Theft Protection Services. (Put differently, if you enrolled in Identity Theft Protection Services, that counts as one Unauthorized Account for purposes of Additional Compensation.)
Proof of Purchase
SHAHRIAR JABBARI, ET AL., Plaintiffs, v.WELLS FARGO & COMPANY, et al., Defendants.Case No. 15-cv-02159-VCUnited States District Court for the Northern District of California
The lawsuit seeks compensation for Wells Fargo customers affected by the practice of opening consumer and small business deposit accounts, and unsecured credit cards and lines of credit, without consent. It also seeks compensation for Wells Fargo customers who obtained Identity Theft Protection Services