Wells Fargo class action lawsuit overview:
- Who: Plaintiff Barbara Prado filed a class action lawsuit against Wells Fargo & Company and Wells Fargo Bank NA.
- Why: Wells Fargo allegedly sent vague letters and cashierโs checks to buy off affected consumers without explaining how an error affected their mortgage loan accounts.
- Where: The Wells Fargo class action lawsuit was filed in California federal court.
A new Wells Fargo class action lawsuit alleges the bank overcharged tens of thousands of consumers on their mortgage loan accounts and attempted to settle the issue by sending cashierโs checks without explaining the error.
Plaintiff Barbara Prado alleges she received a letter claiming a Wells Fargo error related to her mortgage loan may have occurred. The letter also reportedly included a $500 cashierโs check. Two days later, she says she received a similar letter with an additional cashierโs check in the amount of $690.65.
The Wells Fargo class action alleges the bank overcharged consumers in connection with certain modifications to their mortgage loan accounts but failed to disclose the error that allegedly led to the overcharge.
โIndeed, it is not even clear from Wells Fargo if the โerrorโ was an overcharge or some other servicing error,โ the lawsuit says.
Plaintiff says bank concealed Wells Fargo error and tried to buy off affected consumers
The Wells Fargo class action lawsuit says the bankโs โunscrupulous actionsโ were completely concealed until June 2024 when it began mailing cryptic letters with cashierโs checks to affected consumers.
The letters allegedly fail to provide any accounting or itemization to explain how the Wells Fargo error affected customersโ mortgage loan accounts.
โIt is therefore impossible for a consumer to determine the amount of their actual damages, including their out-of-pocket harm,โ the Wells Fargo class action lawsuit alleges.
Prado points to the bankโs โhistory of unscrupulous business practicesโ and says she believes the cashierโs checks are an attempt to buy off customers by paying them a nominal amount to compensate them for the Wells Fargo error.
โWells Fargo intentionally disseminated vague letters to discourage consumers from looking into the issue further and exercising their rights,โ the lawsuit states.
The Wells Fargo error class action lawsuit asserts claims for violations of Californiaโs Unfair Competition Law, California Penal Code, conversion and unjust enrichment.
Another recent Wells Fargo class action lawsuit claims the bank charged consumers a fee when they deposited checks that bounced.
Was your mortgage loan account affected by the Wells Fargo error? Tell us about your experience in the comments.
Prado is represented by Abbas Kazerounian, Ryan L. McBride and Jonathan Gil of Kazerouni Law Group APC and Theodore O. Bartholow III and Karen L. Kellett of Kellett & Bartholow PLLC.
The Wells Fargo error class action lawsuit is Barbara Prado v. Wells Fargo & Company, et al., Case No. 3:24-cv-05105, in the U.S. District Court for the Northern District of California.
Donโt Miss Out!
Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join!
Read About More Class Action Lawsuits & Class Action Settlements:
82 thoughts onWells Fargo class action claims bank wonโt disclose โerrorโ in mortgage loans
My Identity Has Been HACKED by Wells Fargo NA By Unathorized Criminal Employee Access To Personal Information with AN Illegal IRS Wells Fargo Mortgage Indemnity Loan in Tax Year 2022
Claimant Pusuing A Class Action Lawsuit Filed in California Court within 10 Business Days
The FBI Portland Oregon is Currently Investigating Criminal Charges Against Well Fargo NA Portland Oregon and The Wells Fargo Coorprate Office in San Francisco California is Required To Conduct A Criminal Investigation Into Cybercrimes By Wells Fargo in Portland Oregon in Identity Theft And Fraudulent Activity in Social Security Breach of Trust with IRS Fraud Agents in Washington DC and IRS Refund Payment in $3083.83 Without any Authorization by Claimiant
Please add me
Please add me
Wells Fargo Home Mortgage (WFHM) acquired my mortgage from another mortgage company in 1994. The nightmares with WFHM were immediately forthcoming. The nightmares stem from threatened foreclosure, loan modification, unlawful inspection fees, illegal sir name for over twenty years, unexplainable increase of principal balance, extortion, ponzy scheme, conspiracy
theories, inaccuracies in escrow dispersion and credit score damage
I had the same problem with Wells Fargo Iโd like to get involved with the class action suit please contact me.
I received 2 separate checks from them
Please add me we had a Wells Fargo mortgage couple years ago
Into mtg is with Wells Fargo
I received a letter and check twice.
I got tired of WF mortgage that I refinance my home.