Wells Fargo To Pay $2M In TCPA Student Loan Call Suit

Law360, Los Angeles (February 22, 2017, 5:47 PM EST) -- Wells Fargo Bank N.A. will pay $2 million to around 446,000 consumers to end a Telephone Consumer Protection Act suit brought by student loan borrowers who say they were called with automatic dialers, according to a settlement filed in Georgia federal court on Wednesday.

The putative class action alleged that Wells Fargo and its Wells Fargo Education Financial Services violated the TCPA with automatically dialed calls over student loans without express prior consent from the customers.

Wells Fargo denies the allegations but entered the settlement to avoid protracted litigation, according to the settlement agreement. 

"Here, the parties entered into the settlement...

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