Freddie Mac, Wells Fargo Settle Telephone Consumer Protection Act Suits

Freddie Mac, Wells Fargo Settle Telephone Consumer Protection Act Suits

SAN DIEGO - The Federal Home Loan Mortgage Corp. (Freddie Mac) and Wells Fargo Auto Finance Inc. have agreed to pay $17 million to settle two putative class actions alleging that they illegally contacted customers on their cell phones in violation of the Telephone Consumer Protection Act (TCPA), 47 U.S.C.S. § 227, according to a June 18 filing in a California federal court (Alberto Malta v. The Federal Home Loan Mortgage Corp., et al., No. 10-1290, S.D. Calif.; Danny Allen Jr. v. Wells Fargo Auto Finance Inc., No. 10-2657, S.D. Calif.). Subscribers may view the motion for settlement available within the full article.

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