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The Economic Times

Economy / The Economic Times

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Wells Fargo agrees to $56.85 million settlement check if you qualify for a payout

Wells Fargo will pay $56.85 million to settle a class-action lawsuit alleging credit score harm due to misreported COVID-19 mortgage forbearances. The settlement, awaiting court approval on April 17, aims to compensate eligible California homeowners who received a CARES Act forbearance and had their accounts inaccurately reported.

19 Feb 2026 5:48 pm