Wells Fargo class action lawsuits overview:
- Who: Consumers recently filed a trio of class action lawsuits against Wells Fargo. The bank also recently agreed to a class action settlement.
- Why: The class action lawsuits involve claims regarding financial and insurance products, overdraft fees and bad check fees allegedly charged to consumers on the receiving end of bad checks. The settlement ended COBRA compliance claims.
- Where: The class action lawsuits were filed in California and South Dakota federal courts.
Consumers recently filed a trio of class action lawsuits against Wells Fargo over claims it charged customers unfair bad check fees, failed to notify them about overdraft fees and enrolled them in unwanted financial and insurance products without their consent.
Wells Fargo also recently agreed to a class action settlement that resolved claims it failed to comply with COBRA regulations when sending notifications to participants and beneficiaries of its health plan.
Wells Fargo enrolled customers in unwanted products, class action says
A consumer filed a class action lawsuit against Wells Fargo earlier this month over claims the bank enrolled its customers in insurance and financial products without their consent.
The class action lawsuit claims Wells Fargo has enrolled its customers in insurance and financial products they neither wanted nor consented to, could not have qualified for the purported benefits from and typically knew nothing about since at least 2008.
The financial compensation Wells Fargo offered is inadequate and fails to fully compensate customers for fees, penalties, interest and other enrollment-associated costs, according to the class action lawsuit.
The class action lawsuit claims Wells Fargo is guilty of unjust enrichment, invasion of privacy and conversion and violations of the Fair Credit Reporting Act and laws in Georgia and California.
Class action claims Wells Fargo failed to properly notify customers about overdraft fees
In February, a pair of consumers filed a class action lawsuit against Wells Fargo over claims the company failed to properly notify its customers about overdraft fees.
The class action lawsuit claims Wells Fargo fails to get written consent from its customers—as required by law—prior to opting them into products with overdraft fees and makes it hard for them to resolve claims involving its overdraft practices.
Wells Fargo has a “long and documented history of troubling overdraft practices,” according to the class action. In 2012, the 9th Circuit confirmed a $203 million judgment against Wells Fargo over claims the bank misrepresented its overdraft practices.
Wells Fargo unfairly charges customers who receive bad checks, class action alleges
A group of consumers filed a class action lawsuit against Wells Fargo earlier this month over claims the bank unfairly charged fees to customers on the receiving end of checks that bounced.
The class action lawsuit claims Wells Fargo charges a so-called deposited item return unpaid fee to customers who receive bad checks despite them having no part in sending the checks.
“Plaintiffs were shocked when they were charged these fees because they did nothing wrong yet were penalized by Wells Fargo,” the class action states.
Customers the bank charged after receiving bad checks could not have “reasonably known” the check they received was bad, according to the lawsuit.
Wells Fargo to pay $1M COBRA notification settlement
In January, Wells Fargo agreed to pay $1 million to end claims it failed to comply with COBRA regulations when sending notifications to participants of its health plan.
Plaintiffs claimed participants and beneficiaries of Wells Fargo’s health plan declined to continue coverage because the bank sent improper and insufficient COBRA notices, according to the class action.
The class action settlement is now closed.
Have you been injured by Wells Fargo? Let us know in the comments.
Don’t Miss Out!
Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join!
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318 thoughts onWells Fargo hit with recent class actions, agrees to settlement
Was enrolled in insurance without our consent was charged overdraft fees
I was charged overdraft fees and had money in the account several times.
I recently lost over $800 with Wells Fargo secondary to their shady practices. This after being a customer for over 30 years. Please add me.
Yes
They failed to let the credit union know all the payments we made on our 50.000 loan
ADD ME TO ADMITTED I WAS OWED IN THE CLASS ACTION BUT REPEATEDLY SENT ME LETTERS SAYING THAT THEY HAD ALREADY SENT ME CHECK AFTER CHECK I NEVER RECEIVED YET I HAD NO PROBLEM RECEIVING THOSE LETTERS 😒SMH
I too was charged multiple overdraft fees. Also multiple accounts. Couldn’t keep them strait.
I been having problems with writing a check at places and they didn’t except they declined even when I had money in my account. I thought that was strange. March 23,2024
Sane here
Hello I current customer of Wellsfargo. I been charged overdraft fees few times in 2015-2021. Sometimes I decided understand why I had these charges. When I watch what and where I buy stuff. I was wondering if I qualified for this class action.
I to have multiple overdraft fees from Wells Fargo
Wellsfargo used overdraft fees on business account. The money was there, and they bounced checks and my account was in areas. They also had me open accounts that were not needed.
Add me dealing with this now
Add me
Add me to the class action law suit. I was with Wells Fargo for many years until my account was compromised many times and I was charged with unexplained fees!
Hello I am currently a customer of Wells Fargo and have been charged with overdraft fees multiple times and I’m wondering if I qualify for this class action
I’m hit with overdraft fees before the extended day is up . Just paid over a hundred and some in overdraft fees . Happens all the time . Or insufficient funds I was charged for 6 transactions that were labeled insufficient funds . If the money isn’t in acct then the transaction shouldn’t be made then get charged on top of that .
Oh my God have been a victim of this myself keep telling them if the money is not there no one should be able to pul.l But then they hit with overdraft fees that are way higher than the amount taking out.I have called numerous of time to put a block on those transactions but nothing they tell me if it the account gets hit there is nothing they can do.