Wells Fargo settles CARES Act FCRA case for $56.85M

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Source: Class Action Lawsuits
Wells Fargo settles CARES Act FCRA case for $56.85M
Photo: Class Action Lawsuits
TL;DR Summary

Wells Fargo has agreed to a $56.85 million class action settlement to resolve FCRA claims that it inaccurately reported CARES Act forbearances; California mortgagors with current loans who received CARES Act forbearances may share in the net settlement, with a March 25, 2026 claim/exclusion deadline and a final approval hearing on April 17, 2026.

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