Wells Fargo Rejection of Loans for DACA Recipients Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Wells Fargo is settling class actions brought under both the Civil Rights Act of 1866 and California’s Unruh Civil Rights Act, alleging the bank discriminated against persons with DACA. The complaint claimed that Wells Fargo denied persons with DACA loans and credit, such as credit cards, student loans, small business or personal loans, and mortgages because of their DACA status.

Docket Number:

17-cv-00454-MMC

Company: Wells Fargo

Filing Deadline: November 24, 2020

Class Period: January 30, 2015 to August 21, 2020

Objection Deadline: November 24, 2020

Exclusion Deadline: November 24, 2020

Final Approval Hearing: January 8, 2021

Proof of Purchase:

No proof is needed to submit a claim, but the notice states that you will be required to present proof of DACA later.

Eligibility:

You may be eligible if you have DACA and are a member of either of the following classes:

Nationwide Class: Persons living anywhere in the US, except for California, as noted in Wells Fargo’s records, who had valid, unexpired DACA status when they applied for and were rejected for any of the following: an unsecured credit card, secured or unsecured small business loan, student loan, unsecured personal loan, between January 30, 2015 and August 21, 2020, or a home mortgage, between January 29, 2018 and August 21, 2020.

California Class: Persons living in California as noted in Wells Fargo’s records, who had valid, unexpired DACA status when they applied for and were rejected for any of the following: an unsecured credit card, student loan, or unsecured personal loan, between January 30, 2015 and August 21, 2020, or a home mortgage, between January 29, 2018 and August 21, 2020.

You are not eligible if you did not have DACA at the time.

Typical Settlement Amount:

Nationwide Class: $100 for each denial. California Class: $2,500 for each denial. Amounts may be reduced, depending on the number of valid claims received.

Total Settlement Amount: Up to $12.6 million for awards, plus additional sums for other fees and costs

Class Representative Proposed Incentive Fee:

$25,000

Law Firms:
Mexican American Legal Defense and Educational Fund
Outten and Golden LLP

Claim Form: Wells Fargo DACA Settlements Claim Form

Case Name: Perez v. Wells Fargo, N.A

Settlement Website: Wells Fargo DACA Settlements Website

Claims Administrator:
JND Legal Administration

Claims Administrator Contact Information:

Perez v. Wells Fargo Bank
c/o JND Legal Administration
P.O. Box 91378
Seattle, WA 98111
perezinfo@WFDACALawsuit.com
1-877-313-0213

Tags: Civil Rights, DACA Status, Denial of Loan or Credit