The $5,000 Wells Fargo Settlement refers to a $19.5 million class-action agreement in 2025 allowing California residents and businesses to claim up to $5,000 for unconsented calls recorded by a third-party agent.
The $5,000 Wells Fargo Settlement addresses claims that a sales partner, The Credit Wholesale Co. Inc., recorded phone calls with California individuals and businesses without consent—violating the California Invasion of Privacy Act (CIPA). The settlement provides compensation based on the number of valid calls during the period from October 22,2014 to November 17,2023, with payments averaging ~$86 per call and maximum payouts up to $5,000 per claimant. To participate, affected parties must file a claim by April 11,2025, using minimal information like phone number or business name.
Check Your Eligibility
You must be a California resident or business that received calls from The Credit Wholesale Co. Inc. between Oct 22, 2014 – Nov 17, 2023.
Understand the Basis for the Settlement
The bank and its partners settled for $19.5 million to resolve accusations of illegal call recording under CIPA, without admitting wrongdoing.
Estimate Your Potential Payout
Compensation is calculated at around $86 per eligible call, potentially reaching up to $5,000 depending on the number of valid calls and claim volume.
Submit a Claim Form
File your claim by April 11,2025.
Provide the phone number that was called or the name of the business receiving the call.
No complicated documentation is required.
Await Claim Processing
Claims will be processed after court approval.
Approved claimants will receive payment via check or direct deposit, depending on the settlement administrator’s process.
Final Settlement Approval
A final approval hearing is scheduled for May20,2025. After this date, approved payments will be distributed.