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Wells fargo settlement payout date 2020

  • Wells fargo settlement payout date 2020. 401(k) Plan had $48. Related Articles Wells Fargo to settle ERISA case for $32. The shareholders had alleged that the bank made misleading statements about its compliance with federal regulators after a fake account-opening scandal came to light in 2016. Deadline to file: Undisclosed. Shareholders eligible for May 16, 2023 · View comments. According to the SEC’s order, between 2012 and 2016, Wells Fargo publicly touted to investors the success of its Community Bank’s “cross-sell” strategy – selling additional financial products to its existing customers Jan 12, 2024 · On May 21, 2020, the Commission appointed the Fund Administrator to assist in developing and executing the Plan. Wells Fargo customers wronged by abuses that cost the bank $3. Wilk with assistance from Suzy LaMarca under the supervision of Jason H. 7 billion fine. Class Members included all U. NEW YORK (Reuters) -Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of Feb 22, 2020 · Photo: Victor J. - Your approved transactions must calculate to an Eligible Loss Amount as calculated under the Plan and the Distribution Payment must equal or How Wells Fargo is supporting customers who purchased auto insurance coverage that overlapped with Collateral Protection Insurance (CPI). ’s $1 billion settlement of a shareholder lawsuit over unauthorized customer accounts was approved by a federal judge, bringing the total amount the bank has agreed to pay to resolve claims over the scandal to nearly $5 billion. Jim Wilson/The New York Jun 16, 2020 · Listen to this article. Sep 16, 2021 · WELLS FARGO LOAN SETTLEMENT UPDATE 4: The Court granted final approval to this class action settlement Jan. Wells Fargo has been ordered to pay $3. 22, 2022. What CFPB is saying: "The bank’s illegal conduct led to billions of dollars in financial harm Dec 20, 2022 · Wells Fargo to Pay $3. m. , Aug. Remedial actions taken by company since 2016 Since 2016, Wells Fargo has made fundamental changes to its leadership, governance, processes, controls and culture to ensure the misconduct that is the subject of today’s actions can never recur. 36 million. 7 billion — $1. Parties in a lawsuit against Wells Fargo 401 (k) plan fiduciaries have filed a motion for preliminary approval of a settlement. 2 million to approximately 3,200 customers who "had issues working with the company to modify their loan payments to avoid A Settlement Class Member’s exclusion request must be postmarked no later than the DUE DATE of October 25, 2021 and sent to the following address: CS Wang v. In the Order, the Commission found that from 2012 through 2016, the Respondent violated the federal securities laws by misleading investors regarding the success of the core business strategy of the Community Bank operating segment, its largest business unit. Wells Fargo, a major US bank, has agreed to pay $3bn (£2. May 16, 2023 · Updated May 16, 2023, 2:10 p. CFPB is terminating 2016 consent order and providing clarity and a path forward for termination of 2018 consent order; recognizes recent acceleration of efforts. The $20 million settlement is the largest reached by a Feb 2, 2018 · This is a securities fraud class action that was brought on behalf of all purchasers of Wells Fargo & Company (“Wells Fargo” or the “Company”) securities between February 2, 2018 and March 12, 2020, inclusive (the “Class Period”). households and more Apr 6, 2022 · Rebecca Moore. Feb 24, 2020 · Wells Fargo subsequently dealt with civil and criminal lawsuits and paid out over $2. John Stumpf, Wells Fargo’s chief executive at the height of Dec 20, 2022 · The fourth-largest bank in the country, Wells Fargo, has reached a settlement in an ongoing lawsuit filed by the U. The Fair Fund is part of the $3 billion settlement. Oct 13, 2023 · However, if you are an Eligible Settlement Class Member with an uncashed Settlement Payment, you may still claim your payment. The Bureau has jurisdiction over this matter under §§ 1053 and 1055 of the. The $3 billion settlement with the SEC and DOJ … Nov 9, 2020 · I opened the Wells Fargo Credit Card Aug. , from February 2, 2018, through March 12, 2020, inclusive), and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see paragraph 17 of the Notice). The Action alleged that Wells Fargo & Company ("Wells Fargo") and certain officers and directors of Wells Fargo violated the federal securities laws. Companies found in violation may be required to pay between $500 and $1,500 per violation. December 20, 2022 at 6:04 AM PST. Wells Fargo has agreed to pay $1 billion to settle a class-action lawsuit brought on by shareholders who had accused the lender of overstating the progress of reforms initiated after the On February 21, 2020, Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N. WFC. 7 billion for a civil penalty and $2 billion for customers. 1. UPDATE 2: 1. May 16, 2023 · The class action lawsuit was filed in 2020, shortly after Wells Fargo agreed to pay $3 billion to settle claims related to the fake account scandal. Wells Fargo denied any wrongdoing but agreed to pay $16. Consumer banking giant Wells Fargo is being ordered to pay $3. Frosh announced today that his Securities Division entered into a $20 million settlement with Wells Fargo & Company. Under the terms of the settlement, class members can receive a cash payment of up to $20. 7 billion in fines and Dec 20, 2022 · About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1. WIN: Rory McIlroy, -17/267, $3. incorporated by reference and is accepted by the Bureau. In addition to Executive Order 11246, OFCCP enforces Section 503 of the Rehabilitation Act of 1973 and the Vietnam Era Veterans’ Readjustment Assistance Act of 1974 . On January 11, 2021, the Commission approved the Plan. NEW YORK (Reuters) -Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a Wells Fargo had fully accrued for the amount of this settlement as of December 31, 2019. 7 billion over abuses tied to the fake account scandal as well as mortgages and auto loans. Wells Fargo Bank Settlement Administrator, P. II. 3: Byeong Hun An, -9/275, $1. The $3 billion fine resolves all three investigations. , the nation’s biggest bank, will pay $575 million to resolve claims that the bank violated state consumer protection laws by: (1) opening millions of unauthorized accounts and enrolling customers into online banking services without their knowledge or consent, (2) improperly referring customers for Dec 20, 2022 · Tuesday’s CFPB action and other amounts related to litigation and customer remediation are expected to spur an operating loss of $3. The settlement agreement provides that Wells Fargo shall pay $25,750,000 in full settlement of all class claims (the "settlement fund"). Wells Fargo hasn’t admitted any wrongdoing but agreed to a $1 million settlement to resolve the COBRA class action lawsuit. District Judge. Wells Fargo & Co has agreed to pay $1 billion to settle a class-action lawsuit from shareholders over a series of scandals related to the San Francisco-based View eBills within your Bill Pay service, or print whenever it’s convenient. The SEC’s investigation was conducted by Rebecca Lubens, Victor Hong, John Roscigno, and Erin E. 7 billion, not including the recent penalties. Those who don’t receive assistance from the bank may submit a complaint to the CFPB. If that total exceeds $45 million, settlement Feb 21, 2020 · Wells Fargo has been operating under an asset cap set in 2018 by the Federal Reserve that restricts the bank's growth until it "sufficiently improves its governance and controls. The case alleged claims under Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 against Wells Fargo and certain of its executive officers May 16, 2023 · Proceeds from the settlement will go to investors who purchased Wells Fargo stock between February 2, 2018, through March 12, 2020. May 16, 2023 · Shareholders accused Wells Fargo of overstating how well it was complying with those orders, and said the bank's market value fell by more than $54 billion over two years ending in March 2020 as May 16, 2023 · USB. , February 26, 2014 through September 20, 2016, inclusive), defendants In the Matter of Wells Fargo & Co. 5 million to resolve allegations made in March 2020 of self-dealing with the company’s 401(k) plan. ‘Remarkable Sep 12, 2022 · Wells Fargo & Co. , to pay affected consumers $575 million for the bank’s practices. Respondent has executed a “Stipulation and Consent to the Issuance of a. To avoid protracted litigation, Wells Fargo has agreed to settle with shareholders , reaching a substantial $1 billion resolution. The Consent Order resolves financial crisis-era claims that Wells Fargo misled investors in its issuance of residential mortgage-backed securities (RMBS). May 16, 2023 · Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders. Dec 20, 2022 · By the numbers: In the latest settlement, Wells will pay about $2 billion to more than 16 million consumer accounts affected by its alleged actions — plus a $1. They did a Hard Pull with Experian the same day. $537,200 May 17, 2023 · The all-cash settlement, It was reported to be the largest penalty by the watchdog against any bank to date. 2 billion and admitted, acknowledged and accepted responsibility for, among other things, certifying to the Department of Housing and Urban Development (HUD), during the period from May 2001 through December 2008, that certain residential home mortgage loans were eligible for FHA insurance when in If, for whatever reason, you believe you’re owed money and the bank has not yet made contact, you may call Wells Fargo at 844-484-5089, Monday through Friday, from 9 a. Wells Fargo has settled a class action suit surrounding compliance issues in the aftermath of its 2016 fake accounts scandal, agreeing to pay $1 billion to the plaintiffs. Aug 1, 2018 · The Justice Department announced today that Wells Fargo Bank, N. 21, 2020) Dec 20, 2022 · How much are people getting from the Wells Fargo settlement? The bureau says Wells will pay more than $2 billion in redress to over 16 million affected customer accounts. Washington D. (WFC) most recent ex-dividend date occurred on May 09, 2024 with dividend payment of $0. 7 billion will be paid in government fees, and more than $2 billion will go directly to customers — due to multiple alleged customer abuses. CFPA, 12 U. The settlement administrator also provides some recorded information concerning the settlement at 1-866-431-8549. 7 billion for reportedly mismanaging auto loans, mortgages, and deposit accounts, which resulted in billions of financial harm to its consumers and costing The Settlement settles and releases all claims asserted in this Action. May 17, 2023 · The proceeds of the settlement will go to investors who bought Wells Fargo stock from February 2, 2018, through March 12, 2020. Dec 20, 2022 · Wells Fargo Enters into Agreement with CFPB to Resolve Multiple Issues. Jurisdiction. 7 billion. /2020 for $150 bonus. com, or via U. Feb 21, 2020 · Wells Fargo has reached a $3 billion settlement with federal regulators over its creation of fake accounts in 2016. SAN FRANCISCO-- (BUSINESS WIRE)-- Wells Fargo said today that it has reached a broad-reaching settlement with May 16, 2023 · Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. 7 billion fine and another $2 billion in damages to settle claims that it engaged in an array of banking violations over the last decade. 8, 2023 —. " Former Wells Fargo executives have also been held accountable for their connections to the scandal. A. If you are a Settlement Class Member and you did not timely and validly request exclusion from the proposed Feb 24, 2020 · On February 21, 2020, Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N. Requirements: Must have been a Wells Fargo client with an active banking account, mortgage or auto loan between 2011 and 2022. This is the only option that allows you to ever be a part of another lawsuit against Wells Fargo about the legal claims in this case. My Experian credit report shows a hard pull for Wells Fargo that day. At all relevant times, Wells Fargo was a publicly traded Feb 21, 2020 · 21 February 2020. To do so, you must send a written request, either via email to info@wfsettlement. This comes after Wells Fargo had already agreed to pay $800 Dec 20, 2022 · Wells Fargo agreed to pay a $1. C. (Christopher Dilts/Bloomberg News) Wells Fargo agreed Friday to pay $3 billion Sep 11, 2023 · Eligible are individuals who purchased Wells Fargo stock between Feb. , Tuesday, Feb. Damage payment will vary depending on the relevant violation. Ex-CEO John Stumpf agreed to pay a settlement of $17. 3bn) to resolve a government investigation into its sales practices, including opening millions of fake Jun 4, 2023 · Wells Fargo Total settlement: $3. 5 billion before taxes for 2022’s fourth quarter, Wells Fargo said in a statement. 7 billion Feb 26, 2020 · The settlement with federal regulators and prosecutors comes a little more than a year after Wells Fargo agreed with the attorneys general of all 50 states and Washington, D. 16 million. Total settlement: $3. 13, 2021, in New York. Automatic payment can take place even when monthly amount changes. The Court-ordered deadline for submission of Claim Forms is on or before October 5, 2023 . 25, 2021. US District Judge <-bsp-person state=" {"_id":"0000018a-764b-df8a-afae Proceeds from the settlement will benefit investors who purchased Wells Fargo stock between February 2, 2018, and March 12, 2020. 3 billion Dec 20, 2022 · The settlement includes $2 billion in restitution and a $1. The agreement means a payout for any account holders affected by the scandal, all of whom were given about nine months to file for reimbursement. Blue/Bloomberg News. By Jonathan Stempel. If you have questions about other potentially unauthorized accounts or services not already addressed in your Jabbari settlement claim, we encourage you to contact our Customer Care Team at 1-844-931-2273. The class-action lawsuit was filed on behalf of hundreds of thousands of public employees of Rhode Island and Mississippi whose Jan 20, 2023 · The settlement also states that Wells Fargo is required to pay $77. 7 billion fine will go to the Apr 7, 2022 · Wells Fargo & Company WFC has agreed to pay $32. 65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history ­— to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide May 16, 2023 · 3 min. to 6 p. The total was split between $1. Wells Fargo has been the target of regulators since at least 2011, when reports of its strategy to cross Dec 20, 2022 · Wells Fargo agreed to a $3. May 16, 2023 · WFC. 7 billion civil penalty. Dec 28, 2018 · HARRISBURG –Attorney General Josh Shapiro today announced that Wells Fargo Bank N. and several of its affiliates (Wells Fargo) will pay a civil penalty of $2. (WFC) pays out a dividend four times per year. Plaintiffs allege that, during the Class Period ( i. Account fees (e. S. Wells Fargo’s consumer abuses affected more than 16 million accounts, the CFPB said. Of this amount, $500 million would Feb 2, 2018 · Wells Fargo has been subject to regulatory penalties since the revelation in 2016 that the bank had opened millions of unauthorized customer accounts. Actual payments may be reduced from $20 on a pro rata basis depending on Wells Fargo Securities Litigation c/o Epiq Class Action and Claims Solutions, Inc. and its affiliates settled for more than $131. Eastern time. 8 billion in assets as of Dec. Sep 12, 2023 · Wells Fargo (WFC) has agreed to pay $1 billion to settle claims of the class action suit in May 2023. - 8380 PO Box 2396 Faribault, MN 55021-9096 Phone: 800-417-7040 E-mail: info@2100758settlement. You can find more information about how to request an exlcusion on this website. AND a ‘Soft Pull’ on the same day, with the same address as Wells Faro, but it is listed as “Dillards”. 2, 2018, and March 12, 2020. Yvonne Becker, who was Here is the purse breakdown for each player this week. 3-19704 (Feb. Aug 8, 2023 · 2023-149. 8 million to end a US Labor Department investigation into its 401(k) retirement plan, the department announced Monday. ET. Up to 19% of the settlement fund, or $190 million, would go to the plaintiffs’ attorneys. Dec 20, 2022 · The CFPB ordered Wells Fargo to pay $3. . 9 trillion in assets, proudly serves one in three U. 48% and a payout Feb 21, 2020 · Wells Fargo has also reached a civil settlement over its creation of false bank records with the SEC over its conduct. 7 Billion CFPB Settlement. May 5, 2024 · Individuals under age 50 can contribute up to $6,000 for 2020 and 2021, based on Roth IRA MAGI limits. g. 5 million potentially fake accounts the bank admitted to opening without their permission. A judge on Tuesday, May 16, 2023, granted preliminary approval of a deal under which Wells Fargo will pay $1 Dec 20, 2023 · Updated Dec. The bank will also pay a $1. Wells Fargo Championship Payout Breakdown 1. will pay $3 billion to settle investigations by the Justice Department and the Securities and Exchange Commission into its long Apr 5, 2022 · Wells Fargo & Co. In 2020, Wells Fargo sold $100 million in assets to stay under the limit. (collectively, “Wells Fargo”), entered into resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (the “SEC”) requiring Wells Fargo to pay a combined $3 billion in penalties in connection with its improper sales practices. "Wells Fargo's rinse-repeat cycle In 2020, Wells Fargo agreed to pay $3 billion May 1, 2017 · Unsolicited calls and texts are covered under the TCPA. has agreed to pay $32. With a forward dividend yield of 6. 31, 2020, according to the most recent Form 5500 filing. 7 billion in fines are now getting details of how they’ll get their portion – $2 billion-plus – of the settlement Jan 26, 2023 · The settlement includes more than $2 billion in reparations to customers who suffered financial losses and an additional $1. 09 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) based on the bank’s alleged origination and sale of residential mortgage loans that it knew contained misstated income information and did not meet the On February 21, 2020, the Commission issued the Order against Wells Fargo. Consumer Financial Protection Bureau. Winkler of the I. May 16, 2023 · Wells Fargo has agreed to pay $1 billion to The settlement agreement, announced in federal court in New York on Monday, is the latest stemming from a 2016 sham-account scandal, which stemmed Nov 13, 2020 · The SEC will combine this money with $500 million paid by Wells Fargo in a previous settlement and distribute the sum to harmed investors. Getty Images. 6, 2022. Contact Wells Fargo for details. Among other things: Feb 21, 2020 · CHARLOTTE, N. Listen. 7 billion fine to a CFPB fund that provides relief to victims of financial violations. Securities and Exchange Commission Administrative Proceeding File No. The settlement represents approximately 40% of May 16, 2023 · FILE - A Wells Fargo bank sign hangs outside a window on Jan. OBJECT TO THE Feb 21, 2020 · The $500 million payment is part of a combined $3 billion settlement with the SEC and the Department of Justice. 2: Xander Schauffele, -12/272, $2. 5 million Oct 5, 2023 · To be potentially eligible to receive a payment from the proposed Settlement, you must submit a completed and signed Claim Form. According to a memo filed by the plaintiffs in support of the motion, under the terms of the proposed settlement, the defendants will pay a gross settlement amount of $32. The Securities and Exchange Commission today announced charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. e. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page. com. Rochon of the United States District Court for the Southern District of New York granted final approval of a $1 billion settlement with Wells Fargo (NYSE: WFC), ending a three-year securities fraud class action lawsuit brought on behalf of investors nationwide. You must be the primary account holder of an eligible Wells Fargo consumer account with a FICO ® Score available, and enrolled in Wells Fargo Online ®. Jun 4, 2023 · Wells Fargo. 5 million into a common fund for Jan 1, 2005 · BALTIMORE, MD (June 16, 2020) – Maryland Attorney General Brian E. More from Fortune Apr 8, 2016 · In the settlement, Wells Fargo agreed to pay $1. The $1. Box 43160, Providence, RI 02940-3160. 5 million On September 8, 2023, the Honorable Jennifer L. §§ 5563 and 5565. 5 million to settle a class-action lawsuit that alleged the company violated sections of the Employee Retirement Income Security Act. UPDATE 3: The deadline for the Supplemental Class to file claims is Oct. The All persons or entities who purchased or otherwise acquired the common stock of Wells Fargo during the Class Period (i. Lee and Monique C. If you have additional questions about the Settlement, you may contact the Settlement Administrator: Scorby v Wells Fargo Settlement Administrator c/o Rust Consulting, Inc. There's no monthly service fee to use Bill Pay. 7 billion that will go to a victims’ relief fund as part of a civil Dec 21, 2022 · The nation’s fourth-largest bank reached a settlement with the Consumer Financial Protection Bureau, announced Tuesday, to resolve customer abuses related to auto lending, deposit accounts and May 16, 2023 · February 2020: Wells Fargo paid $3 billion to settle criminal and civil investigations by the Justice Department and Securities and Exchange Commission (SEC) into its aggressive sales Jan 20, 2019 · In July 2017, Wells Fargo agreed to pay $142 million to its customers in a settlement over the 3. 20, 2022 at 1:02 p. The deal has now been approved by the U. Quarterly payment frequency should be carefully considered as it can affect investors’ investment strategy. , monthly service) may apply to your Aug 24, 2020 · Wells Fargo operates 7,400 locations, more than 13,000 ATMs and offices in 31 countries and territories, and employs approximately 263,000 people worldwide. Mail to: Wells Fargo Unauthorized Accounts Settlement, P. When using Bill Pay, you can set up to receive eBills for payees offering electronic billing. O. Box 2594, Faribault, MN 55021-9594. 442 million. (collectively, “Wells Fargo”), entered into resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (the “SEC”) requiring Wells Fargo to pay a combined $3 billion in penalties in May 5, 2019 · The Wells Fargo Championship purse is set at $7. 20% & Co. More than $1. May 17, 2023 · The class action lawsuit was filed in 2020, shortly after Wells Fargo agreed to pay $3 billion to settle claims related to the fake Wells Fargo to pay $3B settlement for violating antifraud Jan 20, 2023 · FILE - A Wells Fargo sign stands in front of a branch of the bank in Bradenton, Fla. $1,422,000 2. - Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N. will pay Maryland $20 million in settlement of claims the mortgage company misled investors – including state and local government entities Oct 8, 2014 · Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16. By Tina Davis. In December 2022, the bank agreed to a settlement with the CFPB of $3. 35 per share received on June 01, 2024. 3 million to settle the claims. Consent Order,” dated December 19, 2022, (Stipulation), which is. 0:18. This article is for subscribers only. 2020 that utilized AI or a prerecorded message regarding an account that you did not have. 6 million. agreed to a $3. 31, 2021. 7 billion settlement with the Consumer Financial Protection Bureau over customer abuses tied to mortgages, auto loans and overdraft fees, the regulator said Tuesday. 9 settlement covers about 212,000 to 213,000 loans serviced by San Francisco-based Wells Fargo and put into forbearance without informed consent from March 1, 2020 to Dec. Eligible Wells Fargo consumer accounts include deposit, loan, and credit accounts, but other consumer accounts may also be eligible. 9 million, with the winner expected to take home $1. Wells Fargo & Co. 5. If you are a member of the Original Class, the deadline to exclude yourself was July 2, 2020. Well that If any funds remain in the Settlement Account after each Settlement Class Member’s 60-day deadline for negotiating their settlement checks has passed, the Settlement Administrator shall retain such funds in the Settlement Account for a period of ten (10) days to allow for the processing and payment of any checks that may still be in the bank Jan 30, 2024 · Wells Fargo is a bank with locations around the country. If you are NOT a Settlement Class Member (as defined in the Notice), DO NOT submit a Claim Form. 7 billion in penalties and victims’ compensation for alleged illegal practices that caused thousands of the bank’s May 9, 2024 · Wells Fargo & Co. Dec 20, 2022 · Under the terms of the order, Wells Fargo will pay $2 billion to millions of customers who were harmed. Stipulation. Wells Fargo WFC 1. Chris Dolmetsch. The bank will pay $3. , have agreed to pay $3 billion to resolve their potential criminal and civil liability stemming from a practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led thousands of employees to provide millions of accounts or products to customers under false pretenses or without Get no payment. To be eligible for a payment from the Wells Fargo Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan. Wells Fargo &amp; Co. Box 5430 Portland, OR 97228-5430 4. - You must have purchased or acquired Wells Fargo common stock, traded on the New York Stock Exchange under the trading symbol WFC, during the November 18, 2012 to September 14, 2016 Recovery Period. P. You can also get more information about the Settlement by contacting Jan 18, 2023 · • Jan 18, 2023. $853,200 3. Sep 14, 2022 · The Sept. residents who received at least one call or text from Wells Fargo in connection Aug 13, 2021 · Wells Fargo also will establish a $45 million settlement fund to pay approved claims for GAP refunds to the Non-Statutory Subclass Members; $5 additional compensation payments to Statutory Subclass Members; fee and expense awards to Class Counsel; and any service awards to the Class representatives. oi fx kr bu he pd pn mi nj sh