If you received a call from The Credit Wholesale Co. Inc. between October 22, 2014, and November 17, 2023, and were not informed it was being recorded, you could be eligible for a payment from a $19.5 million Wells Fargo class action settlement.
The lawsuit claims that Wells Fargo, Priority Technology Holdings Inc., and The Credit Wholesale Co. Inc. illegally recorded phone calls without permission. This violates the California Invasion of Privacy Act (CIPA), which requires all parties to be aware if a call is being recorded.
While the companies deny any wrongdoing, they have agreed to settle. If you’re eligible, you could receive up to $5,000, depending on the number of calls you received. Here’s everything you need to know about the settlement, eligibility, and how to file a claim.
Who Can Get a Payment from the Wells Fargo Settlement?
To qualify for a payout from the $19.5 million Wells Fargo call recording settlement, you must meet these requirements:
- You received a call from The Credit Wholesale Co. Inc. between October 22, 2014, and November 17, 2023.
- You were in California at the time of the call.
- You were not informed that the call was being recorded.
- You did not give consent for the call to be recorded.
If you meet these conditions, you may be eligible for compensation of $86 per call, with a maximum payout of $5,000 for those who received multiple calls.
How Much Money Could You Receive?
The settlement offers different payout amounts based on how many calls you received.
- $86 per recorded call (if you received one call).
- Up to $5,000 total (if you received multiple calls).
The final payment amount depends on the number of approved claims. If too many people file claims, individual payouts may be less than expected.
How to File a Claim for the Wells Fargo Settlement
If you believe you’re eligible, follow these steps to file your claim before the April 11, 2025 deadline:
- Go to the official settlement website (linked in the settlement notice).
- Fill out the claim form with your phone number or business name (if applicable).
- Enter your Claim ID and PIN Code (if you received a settlement notice).
- Submit your claim online or by mail before April 11, 2025.
- If you’re expecting over $600, you must submit a W-9 tax form.
Important Deadlines and Payment Dates
- April 4, 2025 – Deadline to object or opt out of the settlement.
- April 11, 2025 – Deadline to file your claim.
- May 20, 2025 – Final court approval hearing.
- July 2025 – Payments expected to begin (about 52 days after approval)
If Wells Fargo or its partners recorded your calls without permission, you could be eligible for up to $5,000 in settlement money. However, you must file your claim by April 11, 2025, to receive your payout. Payments are expected to be distributed around July 2025, so be sure to submit your claim before the deadline to get what you’re owed.
