Just saw Wells Fargo is paying out $56.85 million to settle this mortgage mess from the pandemic. Basically they were marking people's accounts as 'in forbearance' when they should've been listed as 'current' - which tanked their credit scores without them even knowing what happened. Pretty wild that something like that slips through.

The Wells Fargo settlement means affected customers don't have to do anything, which is good I guess. Money's supposed to hit in April if the court signs off. But honestly it's one of those things that makes you wonder how many other reporting errors are flying under the radar at other banks. This $56.85 million fine probably won't even hurt them much at this point.

Anyone else had issues with their credit reports during 2020-2021? The Wells Fargo situation is just the one that got caught.