Wells Fargo Account Fraud

Last Updated on October 25, 2019

Investigation Complete

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Case Update

October 25, 2019

The litigation against Wells Fargo alleging the bank opened accounts without authorization has settled. The period for filing claims has passed and the settlement is currently being appealed. Checks will not be distributed until the appeals process has concluded. For the most up-to-date information on the litigation, please visit the settlement website here

At A Glance

This Alert Affects
Wells Fargo customers who had a credit card, line of credit or other account opened in their name without their permission.
How Do I Know If an Account Was Opened without My Permission?
You may have received a new debit or credit card that you didn't request or a letter from Wells Fargo congratulating you on an account that you did not open. You may have also noticed that money was withdrawn from your account for unexplained reasons or that checks you deposited did not appear in your monthly statements. Some customers may have also received calls from collection agencies for accounts they didn't know they had or letters from Wells Fargo asking them to update information on accounts they never opened.
Why Was an Unauthorized Account Opened in My Name?
Allegations have surfaced that Wells Fargo employees resorted to opening unauthorized accounts in customers' names to meet unrealistic sales goals set by the bank.
How Could a Class Action Help Me?
If a class action is filed, you may be able to recover compensation for damage done to your credit, the cost of credit report monitoring, fees assessed to the unauthorized account and any other financial losses you suffered after an account was opened without your consent.