settlement 02Wells Fargo Settles Privacy Case for $8.5M


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LOS ANGELES (CN) – Wells Fargo Bank will pay $8.5 million to settle California’s consumer protection lawsuit accusing it of failing to tell customers it recorded their phone calls.

District attorneys in Los Angeles and San Diego counties sued the bank in Superior Court on Feb. 22, claiming Wells Fargo did not “timely and adequately disclose its automatic recording of phone calls.”

California law requires that each party in a confidential conversation must be advised at the outset if a call is being recorded so they can reject or end the call if they do not want to be recorded.

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PiggyBankBlog Courtroom Bailiff: “All Rise! The Honorable Wells Fargo Whistleblower Elizabeth Jacobson has entered the Courtroom of Public Opinion in recent PiggyBankBlog Court of Public Opinion Radio Interview!”