W
Wells Fargo
Wells Fargo agreed to a $56.85 million settlement over claims it inaccurately reported CARES Act mortgage forbearances to credit agencies.
ClosedCalifornia onlyClaim status: Closed on March 25, 2026Payout: TBDNo longer claimable
About this settlement
The settlement concerns inaccurate credit reporting of CARES Act mortgage forbearances by Wells Fargo for California homeowners.
This class action settlement addresses claims that Wells Fargo violated the Fair Credit Reporting Act by inaccurately reporting CARES Act mortgage forbearances for California residents. Eligible class members may receive compensation once the settlement details are finalized.
Who qualifies
- California residents with a Wells Fargo mortgage on property in California.
- Those current on mortgage payments who received a CARES Act forbearance on or after March 27, 2020.
- Accounts reported as 'in forbearance' by Wells Fargo to credit reporting agencies.
TBD
Claim status: Closed on March 25, 2026