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Wells Fargo
Wells Fargo agreed to a $56.85 million settlement over claims it inaccurately reported CARES Act mortgage forbearances to credit agencies.
Active settlementCalifornia onlyClaim deadline: March 25, 2026Estimated payout: TBD0 days left
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 deadline: March 25, 2026