Wells Fargo Will Pay $16.3 Million to End Mortgage Debt Collection TCPA Suit

Wells Fargo

Wells Fargo Will Pay $16.3 Million to End Mortgage Debt Collection TCPA Suit

According to filings yesterday in Georgia federal court, Wells Fargo Bank, N.A. (Wells) will pay approximately $16.3 million to end a proposed class action alleging it illegally used an Automatic Telephone Dialing System (ATDS) to call customers’ cellphones without their consent.

Originally filed on April 14, 2015, the case is Markos v. Well Fargo Bank, N.A. (United States District Court for the Northern District of Georgia, Case No. 1:15-CV-01156).

The documents filed yesterday were the Unopposed Motion for Preliminary Approval of a Class Action Settlement and the Memorandum in Support of the Motion.

The Plaintiffs are asking for preliminary approval of a nationwide class action settlement reached with Wells. The original lawsuit alleged that Wells had called Plaintiffs and Settlement Class Members on their cellular telephones through the use of an ATDS or by using an artificial or prerecorded voice without Plaintiffs’ or Class Members’ prior express consent, in violation of the Telephone Consumer Protection Act (TCPA). The calls at issue were all non-emergency, debt-collection calls and texts made in connection with Home Equity Loans and Residential Mortgage Loans.

More here…



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