Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Major US Bank Handing $5,000 To Customers in $19,500,000 Class Action Settlement

Major US Bank Handing $5,000 To Customers in $19,500,000 Class Action Settlement

Daily HodlDaily Hodl2025/10/17 16:00
By:by Daily Hodl Staff

A major US bank and its affiliates are preparing to hand millions of dollars to customers in a new class action settlement.

Wells Fargo customers are expected to receive checks worth up to $5,000 this month.

The payments will go to customers in California, stemming from a $19.5 million settlement approved in May.

The class action lawsuit accused The Credit Wholesale Company, Inc. – a vendor for Wells Fargo and Priority Technology Holdings – of recording phone calls to California residents without consent.

The recordings allegedly violated the California Invasion of Privacy Act, and no wrongdoing was admitted in the settlement.

Eligible recipients include California individuals and businesses who received calls from Credit Wholesale between October 22nd, 2014, and November 17th, 2023.

Valid claims entitle claimants to payments on a per call basis, with each call yielding about $86.

Payments will be automatically sent to approved claimants.

The settlement also requires Credit Wholesale to disclose future recordings at the beginning of each phone call.

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Crypto Mining Faces Energy Cost Challenges as Tether Withdraws from Uruguay

- Tether halts Uruguay Bitcoin mining due to rising energy costs and unresolved tariff disputes, ending a $500M project with 30 layoffs. - Unpaid $5M electricity bills forced power cuts in July 2025, accelerating the project's collapse despite initial renewable energy ambitions. - The exit highlights Latin America's regulatory challenges for crypto mining, prompting Tether to shift operations to Paraguay and El Salvador. - Analysts note energy economics now dominate mining strategies, with firms prioritizi

Bitget-RWA2025/11/28 23:30
Crypto Mining Faces Energy Cost Challenges as Tether Withdraws from Uruguay