Wells Fargo customers to see big checks from $33 million ‘misleading’ bill settlement...
Wells Fargo will compensate customers as part of a $33 million settlement stemming from deceptive subscription practices by third-party companies.Summary
Wells Fargo has agreed to a $33 million settlement to resolve a class action lawsuit alleging the bank assisted companies – Apex, Triangle, and Tarr – in enrolling consumers in unwanted monthly subscriptions. These companies allegedly offered “free” trials that automatically converted into paid subscriptions for products like personal care items, electronic cigarettes, and supplements, without clear consent. While Wells Fargo admits no wrongdoing, the settlement will benefit consumers enrolled in recurring billing by these companies since 2009. Claimants with proof of losses can receive a proportional share of the fund, while those without proof may be eligible for a $20 payment. The deadline to submit a claim is March 4, 2026. Individuals who previously received payments from the FTC regarding similar cases do not need to file a new claim.
(Source：The Sun)