Wells Fargo Customers’ Damages May be Far Greater Than What is Offered in CPI Class Action Settlement

Are you one of those Wells Fargo customers who had their lives turned upside down when Wells Fargo wrongfully repo’ed your vehicle several years ago?

Did Wells Fargo force you to pay hundreds if not thousands of dollars to just get your vehicle back after it fraudulently repossessed it, in part because Wells Fargo claimed you had not purchased auto insurance?

If you didn’t have the money Wells Fargo demanded, were you left without transportation?  Did you lose your job, your home, your life as you knew it?

A class action against Wells Fargo recently received preliminary court approval for a class wide settlement of customers’ claims against Wells Fargo for wrongfully forcing customers to buy auto insurance.   The class action may be well intended, but the compensation offered to some customers may be far below what is reasonable for the harm Wells Fargo inflicted.  If you do nothing, your claims against Wells Fargo will be released and you will be stuck with accepting the amount of money the class action settlement decides to distribute to you.  You have rights, but you must act if you want to hold Wells Fargo accountable for all of the damages the bank inflicted upon you.

Class action notices are being sent out now.  Carefully read the notice you receive.  You need to evaluate whether the amount of money the class action offers you is fair compensation.  If you believe your damages are far greater than what the class action offers you and you want to pursue your claims in a separate lawsuit, you must “opt out” of the class action.  You must follow the directions exactly. The Notice you receive will tell you what you must do to “opt out”. Make sure you keep good records to prove that you did in fact do what was required in order to “opt out” of the settlement and seek to recover all you lost.

If you need help evaluating your options, the consumer protection law firm Humphreys Wallace Humphreys P.C. stands ready to visit with you to discuss your options. Click HERE for a free case review.

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