Wells Fargo $56.85M CARES Act Settlement, CARES Act Forbearances as “in forbearance” instead of “current. Who Qualifies and What to Expect
California mortgage borrowers who entered COVID-19 forbearance with Wells Fargo and had their accounts wrongly reported to credit bureaus as “in forbearance” are entitled to automatic cash payments from a $56,850,000 settlement. No claim form is required. Checks will be mailed automatically after the final approval hearing on April 17, 2026. The deadline to object…
