BREAKING NEWS: Wells Fargo agrees to pay nearly $50 million to settle class action lawsuit!

Wells Fargo agrees to pay nearly $50 million to settle class action lawsuit

Senior Premier Bankers to receive on average $7,137 in unpaid overtime wages

On November 30, 2023, Senior Premier Banker Sabrina Perez, who led the successful organizing at the Eldorado Branch in Albuquerque, New Mexico which became the first union branch in the country, filed a complaint against Wells Fargo alleging Wells Fargo improperly classified its Senior Premier Bankers as overtime exempt, denying them proper overtime pay in violation of the Fair Labor Standards Act.

Last week, Wells Fargo agreed to settle these claims for $48.5 million. Senior Premier Bankers employed during at least the past three years are eligible members of the class. Members of the class stand to recover an average net award of $7,137 each.

In response to this settlement, Wells Fargo has voluntarily changed the employment status for all senior premier bankers (SPB), converting all current SPB's to hourly, non-exempt, meaning SPB's will now be paid overtime.

Senior Premier Bankers at union branches have additional rights. We are formulating our response to these changes and we would like to hear from you.

Sabrina Perez will be hosting a union meeting this Thursday, September 9 at 9:00 PM Eastern to provide more details about the settlement and to answer your questions. Please register to receive an invitation to this confidential meeting.

Register for Meeting

[WATCH] We are not a "third" party!

Watch Video

Sign up for a Union Training Class: Find out what it takes to join our movement!

Attend a Union Class

Wells Fargo workers across the country are succeeding in forming a union! Are you ready to find out how you can join them? Do you want to learn about your right to organize a union? And what is unlawful conduct by Wells Fargo (or any employer) to try and dissuade you?

Our Union 101 and 102 Classes will answer these questions and provide you with the tools and confidence to unite with your coworkers to organize your branch or non-branch location.

Union 101: Building Power Together

Our Union 101 class is the perfect starting point for anyone curious about organizing at their workplace. We’ll cover the history of our campaign, the rights and protections all workers have under the National Labor Relations Act, and the step-by-step process of forming a union at your location. It’s a chance to connect, get answers, and explore how together we can shape a stronger future for all bank workers.

Union 102: Talking With Your Coworkers

Union 102 builds on the basics by focusing on one of the most important parts of organizing—talking with your coworkers. In this class, we’ll cover best practices on when and how to start conversations, how to listen and connect around issues that matter most, and how to engage coworkers in the organizing process. By the end, you’ll feel more confident starting meaningful conversations that strengthen relationships and grow support for the union.

Attend a Union Class

Join our movement!

We will bring you the Top #WFunion updates each week. If you have additional questions or ideas for future newsletter stories, please email us at [email protected]. 

Are you ready to stand with us and make positive change at Wells Fargo?  Email us at [email protected] today!