I will probably end up throwing my check in the garbage! I had to turn down a job relocation offer in Florida at the national firm I worked for because I was too upside down on my house (I was down approximately $100K in value when the offer came over and market rent was $1,100 less a month than my mortgage and HOA payments combined). Exactly when did you get a check. Box 1369 Minneapolis, MN 55440-1369 Phone: 1 (855) 225-1888 Website: wellsfargofairfund.com Email: info@WellsFargoFairFund.com . Rust Consulting Inc. This is a placeholder for the initial disclaimer copy used for the settlement site. Hope it helps. check out federalreserve,gov im not doubting i will be getting a check. Maybe its the sue happy reality we live in or the common belief that were all entitled to a handout nowadays. At the time, I was making roughly $70K, but my income was definitely increasing as I was pretty hot at the national firm I worked for. Government Services. I didnt lose my cars when I stopped making my mortgage payment. It further claims that the "deceptive language" of monthly statements disguises the fees and that an . If you are an active agent that works in the distressed property arena, you will undoubtedly receive phone calls or emails from past and present clients about an interesting little mailer that just hit mailboxes across America. She said it was for $300. Said information is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. English. account that converted to Wells Fargo Clearing Services, LLC ("WFCS") and had reportable activity prior to your account clearing through WFCS, you will receive separate tax forms from your previous clearing firm for that activity. Information on the Wells Fargo Fair Fund is also available on the Commission's public website at https://www.sec.gov/divisions/enforce/claims/wells-fargo-company.htm. When she isnt speaking or writing, Melissa enjoys practicing yoga, walking the dog, and vacationing at beach resorts. Requirements Came by regular mail and its in an envelope that looks like a scam letter. Wells Fargo Bank, NA is settling a class action that alleges it continued to report debts to credit reporting agencies that had been discharged in bankruptcies. I read some of the comments on here and I really dont have much empathy for anyone. If class members choose to submit their Claim Form online, they must submit it on or before 11:59 p.m. Eastern Standard Time on June 25, 2021. National Mortgage Settlement Checks for $1,480 to Go Out June 10. Founded in 1852 and headquartered in Sa n Francisco, Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance through 7,400 locations, more than 13,000 ATMs, the internet . Goldman Sachs: Wilshire Credit Corporation: HFC: . If you were employed by Wells Fargo Bank, N.A. ("Wells Fargo") regarding credit card, direct auto, HELOC, and personal line accounts sold to Debt Buyers where the accountholder sought and obtained a discharged in Chapter 7 bankruptcy after the sale. If you wish to make a Reimbursement Claim, you must provide proof of your payment to Wells Fargo after your debt was discharged in bankruptcy. Attorneys who claim their profiles and provide Avvo with more information tend to have a higher rating than those who do not. On October 6, 2020, the Commission issued an order extending the time to enter an order approving or disapproving the Plan to January 29, 2021 to allow for further evaluation and analysis of the comments. The content of this website contains general information and may not reflect current legal developments, verdicts or settlements. Please contact the Settlement Administrator, Rust Consulting, Inc.: By E-Mail: info@wfesopsettlement.com. Since its been a few years since they were distressed borrowers, maybe they are ready to buy again? By Order dated May 21, 2020, the Commission appointed Rust Consulting, Inc. as the fund administrator for the Fair Fund ("Rust") and set the administrator's bond amount at $500 million.3 How to Obtain Relevant Documents or Additional Information: Copies of the Plan . It would be no different if you failed to make multiple car payments. Received a check for $3000.00 from Rust Consulting LLC, apparently some kind of a payment as a result of independent Foreclosure Review with BAC. I did eventually trade in my two cars for one car, but that was more a result of me trying to tighten my budget up since my income took a significant hit towards the end of 2008 through 2011. Phone: 1 (855) 225-1888 Rust Consulting is sending out official looking mailers promising formerly distressed borrowers that a check is in the mail and its not a scam. No recipients of content from this site,clients or otherwise,should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. I still find it humorous that I received a check for a foreclosure when I elected to walk away from my house because I was underwater by over 65% at the time of foreclosure. According to Rust Consulting, borrowers should beware of anyone requiring payments for assistance in connection with the Independent Foreclosure Review or any other foreclosure assistance program.. On March 10, 2020, the Commission appointed Miller Kaplan Arase LLP as Tax Administrator for the Wells Fargo Fair Fund to handle its tax obligations. Find the best ones near you. This field is for validation purposes and should be left unchanged. Foreign exchange. Wells Fargo provided Rust with a mailing list containing class member's names, last known addresses, Social Security Numbers, and employment information. Tweet at #themortgagemess, Here is an update that came out today. 2021) Court Description: ORDER GRANTING 115 PLAINTIFFS' MOTION FOR FINAL APPROVAL OF CLASS ACTION SETTLEMENT; GRANTING IN PART AND DENYING IN PART 114 PLAINTIFFS' MOTION FOR ATTORNEYS' FEES AND EXPENSES; AND ADDRESSING 116 , 117 OBJECTION OF CLASS MEMBER KIRK E. FYSON. Make sure you have all of your tax forms from all firms before completing your return. 888-398-8213. Avvo has 97% of all lawyers in the US. Post your question and get advice from multiple lawyers. THIS SITE IS NOT OPERATED BY WELLS FARGO & CO. Please contact the claims administrator if you have any questions. The Commission also established a Fair Fund (the Fair Fund), pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty can be distributed to investors harmed by the Respondents conduct described in the Order. Rust also provided direct notice to class members via U.S. Mail. As you may recall, theIndependent Foreclosure Reviewis part of the settlement associated with therobo-signing debacle of 2010(title my own). Case Name: Settlement distributions have been released to eligible class members. In 2008, I was still making low six figures with my own firm, but I noticed my bank deposits were getting smaller by the month in the latter part of the third quarter of the year (no bueno). 8 million to resolve claims that they violated the Fair Credit . Required fields are marked *. 5:2017cv06220 - Document 145 (N.D. Cal. Wells Fargo & Co. and its affiliates settled for more than $131.8 million to end a US Labor Department investigation into its 401(k) retirement plan, the department announced Monday. Im a certified real estate appraiser in Arizona I understand residential home values about as well as anyone in my profession especially when it came to my own house. Bottom Line: Minneapolis, MN 55440-1369 Wells Fargo Bank. This answer does not constitute legal advice, create an attorney-client relationship, or constitute attorney advertising. Melissa Zavala is the Broker/Owner of Broadpoint Properties and Head Honcho of Short Sale Expeditor, and Chief Executive Officer of Transaction 911. Liewen Law maintains this website for marketing and informational purposes only. The Settlement resolves a lawsuit over whether those responsible for selecting and monitoring the Challenged Funds complied with their fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA). In fact, why not give your past clients a call and let them know. I understand the privacy requirements for telling borrowers what their payout will be via phone or IVR, but feel a website tied to SSN login could be created to eliminate the curiosity along with anticipated delivery date. Reality hit in February of 2007. Financing. Settlement Website: Wells Fargo Consumer Reports FCRA Settlement Website. Pursuant to the Order, the Respondent paid a $500 million civil money penalty to the Commission. Message. The securities filing says that Wells Fargo discovered a "calculation error" in its automated software for calculating whether a borrower should be offered more favorable loan terms in lieu of foreclosure. The Proposed Plan provides that the distribution of the Fair Fund shall be made to investors who purchased Wells Fargo common stock (WFC) between November 8, 2012 and September 14, 2016, inclusive, and suffered losses as calculated by the methodology used in the Plan of Allocation described in the Proposed Plan. Bank of America: Contact Rust Consulting Inc., . c/o Rust Consulting, Inc. 6820 Independent foreclosure review check scams, Review checks issued, most commonly for $300, Board of Governors of the Federal Reserve System, https://www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-60.html, the property securing the loan was the borrowers primary residence, the mortgage was in the foreclosure process (initiated, pending, or completed) at any time between January 1, 2009, and December 31, 2010, the mortgage was serviced by one of the following mortgage servicers: Americas Servicing Company, Aurora Loan Services, BAC Home Loans Servicing, Bank of America, Beneficial, Chase, Citi (Bank, Financial and Mortgage), Countrywide, EMC Mortgage Corporation, EverBank/EverHome Mortgage Company, Financial Freedom (OneWest), GMAC, HFC, HSBC, IndyMac Mortgage Services, National City Servicing Company, PNC Mortgage, Sovereign Bank, SunTrust Mortgage, US Bank, Wachovia Mortgage, Washington Mutual, Wells Fargo, and Wilshire Credit. About Rust Consulting. The Fair Fund consists of the $500 million paid by the Respondent pursuant to the Order. Am I complaining about receiving a $3,000 check? On March 18, 2013, approximately 4.2 million people were sent notices that they will receive remuneration as a result of an agreement between federal banking regulators and 13 mortgage servicers . c/o Rust Consulting Inc 7479 By the way, I was enlisted in the Navy for six years and spent most of that time on a submarine. After the second huge dip in the real estate market in late 2008, I made the financial decision to stop paying my mortgage. Act as a key participant in developing standards and companywide best practices for engineering complex and large scale technology solutions for technology engineering disciplines. Wells Fargo Consumer Reports FCRA Settlement Website. Hopefully your son will do well in the Navy but will set the bar higher for his children one day. Following discovery and negotiations, the parties reached an agreement to settle. Responsibilities. In addition to the $500 million, investors previously settled its "fake accounts" class action with Wells Fargo for $480 million in late 2018. Meryam and against Wells Fargo Bank, National Association for $ 0.00, punitive damages: $ 0.00, attorney fees: $ 0.00, interest: $ 0.00, prejudgment costs: $ 0.00, other costs: $ 0.00, amount . Business Started Locally: Most importantly, let us know! Heck, the last thing HSBC wanted was another debt of mine on their hands (they just wanted their mortgage money). The information provided is in summary form and is not intended as a complete explanation of your rights. Your question and this answer do not create an attorney-client relationship. The frequently asked questions located hereprovide additional information. Theresa A. Kading 3-19704 (Feb. 21, 2020), Wells Fargo Fair Fund 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. Have a continuous improvement mindset. Did I do anything for the $3,000? Comments were received on the Proposed Plan during the 30-day comment period. I got two today (we had two loans.). Wells Fargo is seeking a Lead Software Engineer. (760) 501-2271. Box 3770 Portland, OR 97208-3770 Toll-Free Number: 1-855-349-6457 Email: info@WellsFargoSecuritiesLitigation.com Website: www.WellsFargoSecuritiesLitigation.com PROOF OF CLAIM AND RELEASE FORM I would consider myself a disappointment one day if I have children that would want to enlist in the military (not because I wouldnt be proud of their patriotic drive but because I would expect them to exceed my achievements in life). Did you cash it? Seven months later (June of 2009), the house went to auction and sold for approximately $68K. 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. 34-89501and theProposed Plan. DISCLAIMER: This answer is provided solely for informational purposes only. This is crazy! The mailer comes from the paying agent, Rust Consulting (1-888-952-9105), and Rust Consulting is the only agency that should be contacted if (previously) distressed borrowers have any questions or concerns. No, not a scam. The information/answer is not, nor is it intended to be, legal advice. Please contact the claims administrator if you have any questions. Class Counsel. Faribault Minnesota. Settlement distributions are expected to occur in early 2023. Email:info@WellsFargoFairFund.com, STAY CONNECTED An Employee Benefits Security Administration investigation into Wells Fargo, Wells Fargo Bank, and the plan's trustee GreatBanc Trust Co. found that the fund allegedly overpaid for company stock purchased for . Headquarters. Plaintiff-Appellant's Unopposed Motion to Stay Proceedings; Declaration of Michael Rubin . My mom had a high school diploma. We refuse to publish fluff, and our readers rely on us for inspiring action. By the way, tell him to take full advantage of the GI Bill. Scroll to continue reading. I got mine today for $1000.00 I had to do alot of research to verify it was legit and it sure seems like it . See the Commissions Order: Release No. So dont be surprised if it is as little as $400. Wells Fargo announced on Sept. 12, 2022, that it has reached an agreement with the U.S. Department of Labor (DOL) to resolve a previously disclosed, legacy matter regarding the DOL . SeeCommissions Order: Release No. To submit a Claim Form by mail, class members must submit it to the Fund Administrator at the following address by first class mail, postmarked (or if not sent by U.S. Mail, received) no later than June 25, 2021: Wells Fargo Fair Fundc/o Rust Consulting, Inc.Fund Administrator - 6989P.O. This field is for validation purposes and should be left unchanged. How does your companys layoff policy compare to the rest? this is actually legit. To speak with a salesperson, request a proposal. Investors were led by lead plaintiff Union Asset Management . $3,000,000 plus $1,500,000 for attorneys, plus settlement administration costs, Law Firms: Boies Schiller and Flexner LLPCharles Juntikka & Associates, Claim Form: Wells Fargo Bankruptcy Discharges Credit Reporting Settlement Claim Form. Wells Fargo Fair Fund c/o Rust Consulting, Inc. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. 1 Twitter 2 Facebook 3RSS 4YouTube Ive heard of one person, that is all she got. The lawsuit, Ajasa v. Melinda (2013-04-20) Even better - there are THOUSANDS of us out here who never even received an opportunity to file for a review. Here's a link to my post about these checks: http://www.facebook.com/photo.php?fbid=437120833047842&set=a.137725916320670.29314.128008723959056&type=1&theater. Adobe Reader is free and is required to view and print documents on this site. You may be eligible if you are an individual borrower who (1) had a credit card account, direct auto account, HELOC account, or personal line account with Wells Fargo that Wells Fargo charged off and sold to a third-party debt buyer on or after January 1, 2009, and (2) the debt was discharged in a Chapter 7 bankruptcy, after it was sold to a third-party debt buyer but before March 16, 2020. BBB File Opened: 9/19/1995. Who knows? Wells Fargo provided the money to Rust Consulting and because of their fraudulent skip tracing in locating people they are profiting of the interest of OUR money. Plaintiffs Notice of Motion for Attorney's Fees. 1. For more information, please contact the Fund Administrator: Rust Consulting, Inc. The checks will be coming from Rust Consulting. 5 ways to help your business fight the incoming inflation, Optimizing your website accessibility as a small business, Microsoft studies the Gen Z approach to entrepreneurialism, Study: After a four-day work week, more companies arent going back, Translate legal documents into plain language with new AI tool. Class member may also obtain a copy by calling 1 (855) 225-1888 or by emailing the Fund Administrator at [emailprotected]. Wells Fargo ESOP Settlement. The Paying Agent, Rust Consulting, Inc. has advised that the efforts undertaken to locate borrowers covered by the payment agreement have exceeded efforts in similar payment distributions. 34-88353. Fund Administrator - 6989 N.A. You do realize your son is enlisted, correct? If you were a 401(k) Plan participant and received Company contributions in the ESOP Fund between January 1, 2013 and December 31, 2021, you are eligible to participate in the settlement and you will receive more information from the third-party settlement administrator, Rust Consulting, Inc., by the end of the year. A settlement has been reached in a class action lawsuit about the credit furnishing practices of Wells Fargo Bank, N.A. On January 11, 2021, the Commission issued an order approving the plan of distribution and posted the approved Plan of Distribution (Plan). Adobe Reader isfree and is required to view and print documents on this site. Wells Fargo Bank, N.A. Years licensed, work experience, education. Before landing in real estate, she had careers in education and publishing. From what I can tell it is legit. Child Custody Lawyer in Indian Wells, CA. Jun 13 2013. A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and . For what its worth, you will receive a 1099 at the end of the year for the money received. Dont blame the author of the article you want to talk about a profession where money is tight write for a newspaper or a website. Wells Fargo Bank, N.A. These are checks issued pursuant to the Mortgage Settlement. Independent Foreclosure Review). Please see my post at: http://www.facebook.com/photo.php?fbid=437120833047842&set=a.137725916320670.29314.128008723959056&type=1&theater. PO Box 2599 Fixed Income Sales and Trading. . Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Many scams with this form of "checks" .depositing that check,if is a scam, u will have numerous problems with your bank and some times with authorities. The lawsuit - Patti's Pitas et al v.Wells Fargo Merchant Services - filed in August 2017 in New York, alleges that Wells Fargo charged unauthorized fees and failed to deliver on promises that included transparent pricing, no monthly fees, and no cancellation fees. Just the reality of my situation. If you have questions you may contact Claims Administrator Hoffman v. Wells Fargo Bank & Company Settlement Administrator c/o Rust Consulting Inc. - 4632 P.O. https://www.occ.gov/news-issuances/news-releases/2013/nr-ia-2013-60.html, I want my check from Rust to be directly deposited. Do Not Sell or Share My Personal Information. 12:46 PM. It was like they branded me with a Scarlet Letter F. 34-95733. good to know, thanks. Website. I will probably do a few more day research, I am very skeptical. Please contact the Settlement Administrator, Rust Consulting, Inc.: Adobe Reader isfree and is required to view and print documents on this site. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.sec.gov/divisions/enforce/claims/wells-fargo-company.htm, COMMISSION POSTS DOCUMENTS TO APPLY FOR FUND ADMINISTRATOR POOL, COMMISSION SEEKING FUND ADMINISTRATORS FOR FUTURE SEC DISTRIBUTIONS. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Subscribe to our mailing list for news sent straight to your email inbox. Not seeing it help me out here. In the Order, the Commission established a Fair Fund pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002 so the civil penalties paid by the Respondent can be distributed to harmed investors (the "Wells Fargo Fair Fund"). Rust Consulting, an Exela Technologies brand, provides consulting and administration services to clients including law firms, companies across all industries, and governmental agencies at all levels.. Rust administers matters such as class action settlements, regulatory settlements, mass tort settlements, remediation programs, data breach responses, and product recalls. The Commission found that Wells Fargo violated Section 10(b) of the Exchange Act and Rule 10b-5 thereunder and ordered it to pay a $500 million civil money penalty to the Commission. On September 12, 2022, the Commission issued an order approving the disbursement of $452,175,789.98 from the Fair Fund for distribution to eligible investors. Securities and Exchange Commission Administrative Proceeding File No. The complaint alleges that Wells Fargo did not update credit reporting information for people who had Wells Fargo credit cards, direct auto accounts, HELOC accounts, or personal lines accounts that were sold to third parties even after the debts had been discharged in Chapter 7 bankruptcies, thereby negatively affecting their credit scores and ability to get credit. This attorney is only licensed to practice law in California. Wells Fargo's plan had more than 340,000 participants at the end of 2019. Copyright 2005-2022, The American Genius, LLC. THIS SETTLEMENT IS PURSUANT TO A PLAN OF DISTRIBUTIONAPPROVED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION. According to court documents, the claim submission deadline has passed. Start with your legal issue to find the right lawyer for you. Analytics Consulting LLC Privacy Policy and Terms of Use, Detailed Information About the Case, Including the Settlement Agreement. . Definitely not enough to compensate the loss of her home. . Claims Administrator Contact Information: Rivera v. Wells Fargo Bank NA Class Action Settlement c/o Rust Consulting, Inc. - 6820 PO Box 54 Minneapolis, MN 55440-0054 1-866-590-8517. They are being issued to homeowners who filed complaints with the OCC and some who didn't re foreclosure and/or modification abuses by the big banks per the Federal Mortgage Settlement. For full and complete information, you are directed to review carefully the Class Notice. It goes as high as 125k though, which a majority of that goes to military who were foreclosed on while they were active duty because they are protected under the Serviceman Civil Relief Act. 's Notice of Joinder in Opposition to Objector Fyson's Motion to Intervene, Request for Judicial Notice re Objection, Motion to Intervene Filed by Kirk E Fyson, Motion for Leave to File Supplemental Memorandum of Points and Authorities in Support of His Objection and Motion to Intervene Filed by Kirk E Fyson, Plaintiffs' Opposition to Objector Fysons Motion for Leave to File Supplemental Brief in Support of Motion to Intervene Filed by James C Kang, Supplemental Brief in Support of Objections and Motion to Intervene Filed by Kirk E Fyson, Plaintiffs Response to Objector Fysons Supplemental Brief Regarding Settlement Objection and Intervention by James C Kang, Minute Entry for Proceedings Held on 9/15/2021 Before Judge Beth Labson Freeman Further Motion Hearing Set for 9/23/2021 09:00 AM, Clerks Notice Converting 09/23/2021 Motion Hearing to Zoom Webinar, Status Report re: Ibarra Distribution; Stipulation and Proposed Order, Order Granting Plaintiffs' Motion for Final Approval of Class Action Settlement, Order Granting in Part and Denying in Part Objector Kirk Fyson's Motion for Attorneys' Fees and Service Payment, Notice of Appeal by Objector Kirk E. Fyson. I can`t tell you how many times I have opened the mail, just to find a fake check with my name on it. How to Obtain Relevant Documents or Additional Information: Copies of the Plan, the Plan Notice, and the Claim Form are available at www.WellsFargoFairFund.com. It is a valid check and only good for 90 days. He did receive 22500.00 and did receive a 1099 from Rust but they (Rust) did not submit the 1099 to the IRS. MINNEAPOLIS, March 8, 2021 /PRNewswire/ --The following is being released by the Securities and Exchange Commission. Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as a legal advice on any subject. ("Wells Fargo") in California as a Home Mortgage Consultant, Home . But be aware that there are scams out there. By InvestmentNews. If the review found that financial injury occurred as a result of errors, misrepresentations, or other deficiencies in the servicers foreclosure process, the customer might receive compensation or another remedy. If you got $3K in the mail and you don't know why, it's probably a scam, a mistake, and/or not really a check. Not sure why the disparity in differences, but Im not complaining. The Fair Fund has been deposited in an interest-bearing account at the United States Treasurys Bureau of Fiscal Service. Who is Potentially Eligible for Compensation: To be eligible for a payment from the Wells Fargo Fair Fund, class members must satisfy certain eligibility criteria that are described in detail in the Plan. Rust Consulting receives EU and Switzerland personal data from its customers which is transferred to the U.S. for processing and handling, as applicable, and transfers back to the EU and Switzerland fully composed data (including such personal data) for print, notification, and distribution services within the EU and Switzerland. P.O. The broken home/E-5 Seal comment is funny as well. A prior settlement provided settlement payments to over 500 of the impacted borrowers, but over 700 borrowers were identified after the earlier settlement payments were approved. If you dont pay for something you dont own outright, then the true owner will eventually reserve the right to take that item back (the bank in this case). At all relevant times, Wells Fargo was a publicly traded financial services corporation with common stock registered under Section 12(b) of the Securities Exchange Act of 1934 ("Exchange Act") and quoted on the New York Stock Exchange (Ticker: WFC). Your email address will not be published. This website is provided as a service to eligible settlement participants. Rivera v. Wells Fargo Bank. On March 18, 2013, approximately 4.2 million people were sent notices that they will receive remuneration as a result of an agreement between federal banking regulators and 13 mortgage servicers. On March 10, 2020, the Commission issued an order appointing Miller Kaplan Arase LLP, as the Tax Administrator for the Fair Fund. I realize there are some extenuating circumstances for some limited individuals (some homeowners in the military for instance), however most of us arent in that situation. Claims Administrator: Rust Consulting, Inc. Ajasa v. Wells Fargo Bank, N.A. I accepted the job with the competing firm in April in 2007. Like a lot of people, I received the card in the mail and made a quick five minute phone call a month ago to verify the legitimacy of the information on the card after reading up on the internet about the legitimacy of the settlement. Those criteria include the following: 1) class member must have purchased or acquired Wells Fargo common stock, traded on the New York Stock Exchange under the trading symbol WFC, during the Recovery Period; 2) the approved transactions must calculate to an Eligible Loss Amount as calculated under the Plan and the Distribution Payment must equal or exceed $10.00; and 3) class member is not an Excluded Party as defined in the Plan. The Karamanlis Powers Law Offices expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this website, weblogs, twitter, facebook, google+. Presumably company records are being used to identify class members. With offices in major cities across the region, Wells Fargo provides the guidance, support and expertise to help you manage risk and take advantage of Asia Pacific and Global opportunities. A competing firm though in Arizona offered me a position which would bring my income to low six figures (and would also mean I wouldnt have to walk from the house). Box 2396 Faribault, MN 55021-9096 1-877-256-3560; File your claim by 11/10/2015 if you want to be included in the Wells Fargo Loan Officer Unpaid Overtime Class Action Lawsuit. I have dreams of zeros but I know I wont have more than 5 total in my check, including the .00 I am curious as to what people do receive and why the checks vary so wildly or if they are based on property value.