Welcome to the Informational Website for the Wells Fargo CPI Class Action Settlement.
On November 20, 2019, the Court granted final approval(PDF) of this class action settlement(PDF) (dated November 4, 2019) and issued a Final Judgment(PDF). The settlement is no longer subject to appeal because the period for appeals has passed.
The settlement parties are now working collaboratively to calculate Distribution Plan(PDF) payments to eligible Class Members. You do not need to submit a claim to receive a Distribution Plan payment. Checks will be mailed automatically to all eligible customers.
Because Distribution Plan payments are currently being calculated, information is not available at this time about whether an individual Class Member is eligible to receive a Distribution Plan payment or the amount of any such potential payment.
The parties currently anticipate that Distribution Plan checks will begin mailing in late June 2020 and continue mailing on a rolling basis into July 2020.
This settlement resolves a lawsuit against Wells Fargo Bank, N.A., Wells Fargo & Co., National General Holdings Corp. and National General Insurance Company (collectively, “Defendants”) alleging that between October 15, 2005 and September 30, 2016, Defendants unlawfully placed collateral protection insurance (“CPI”) policies on Class Members’ automobile loan accounts.
Please contact us if you have questions about the class action settlement at 1-877-641-8815 or by emailing info@WellsFargoCPISettlement.com.
Allocation Plan payments are being issued and mailed directly by Wells Fargo on a rolling basis. Please visit their website for more information about Allocation Plan payments.