As you may recall, banking giant Wells Fargo was involved in a fraud scandal in 2016 that led to a class action settlement worth almost $150 million.
If you were affected by the fake account-opening scheme, you can claim your cut of the settlement by July 7 (the previous deadline was February 8, but it was extended). According to Business Insider, Wells Fargo is notifying those affected by email.
“If you believe Wells Fargo opened a checking, savings, credit card, or line of credit account for you without your permission, or if you purchased identity theft protection from us, you may be entitled to compensation from this fund,” reads a statement emailed to customers on April 20. “If you submit a claim, you may be eligible for reimbursement of fees, compensation for potential impact on your credit, and an additional cash payment based on any money remaining in the fund after benefits and costs are paid out.”
BI also reports that even if you have received compensation from the bank already, you can still file as part of the class action. Wells Fargo has already paid out millions to people who had unauthorized accounts opened in their names, and owes federal regulators $1 billion over separate indiscretions. If you don’t know whether you were affected, check your credit report for unauthorized accounts.
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Copyright or Author: Alicia Adamczyk on Two Cents, shared by Alicia Adamczyk to Lifehacker
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Source Link: https://twocents.lifehacker.com/get-the-money-wells-fargo-owes-you-before-the-claim-dea-1825824084
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