LAWSUITS NEWS & LEGAL INFORMATION
Wells Fargo Reaches $14.5M Debt Collection TCPA Class Action Settlement
This is a settlement for the Nuisance caller lawsuits allege consumers are being harassed by companies lawsuit.
Los Angeles, CA: A $14.5 million preliminary settlement has been reached in a Telephone Consumer Protection Act (TCPA) class action lawsuit brought on behalf of millions of customers who alleged Wells Fargo Bank NA called them on their cellphones to collect credit card debt.
Brought by lead plaintiff Lillian Franklin, the settlement motion, if approved, will resolve her suit claiming the bank violated the Telephone Consumer Protection Act by making automated calls to alleged debtors without their consent. She filed suit in August, claiming the financial institution called her multiple times on her cellphone in 2010, to collect an alleged debt on her credit card. The calls featured a prerecorded message and were made without Franklin' consent, according to the lawsuit.
According to the settlement terms, a settlement fund will be shared evenly between class members who submit claims. Currently, the class consists of 4 million members. The fund will established after consideration of attorneys fees and administration costs, according to the motion.
The case is Franklin v. Wells Fargo Bank NA, case number 3:14-cv-02349, in the U.S. District Court for the Southern District of California.
Published on Dec-29-14
Brought by lead plaintiff Lillian Franklin, the settlement motion, if approved, will resolve her suit claiming the bank violated the Telephone Consumer Protection Act by making automated calls to alleged debtors without their consent. She filed suit in August, claiming the financial institution called her multiple times on her cellphone in 2010, to collect an alleged debt on her credit card. The calls featured a prerecorded message and were made without Franklin' consent, according to the lawsuit.
According to the settlement terms, a settlement fund will be shared evenly between class members who submit claims. Currently, the class consists of 4 million members. The fund will established after consideration of attorneys fees and administration costs, according to the motion.
The case is Franklin v. Wells Fargo Bank NA, case number 3:14-cv-02349, in the U.S. District Court for the Southern District of California.
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