Higher One to return $11M to students

| Print |  Email
Must Reads
Monday, August 13, 2012

Higher One, the controversial college payment-card provider, will pay $11 million to settle allegations of deceptive and unfair fee practices.

Higher One Inc. will pay $11 million to up to 60,000 students under the agreement, the Federal Deposit Insurance Corp. announced last week. It will also pay a $110,000 penalty while its card issuer, The Bancorp Bank, will pay $172,000. In addition, Higher One agreed to halt misleading or deceptive marketing and improve compliance management.

Students who use its accounts sometimes pay fees to gain access to their financial aid money. The card has sparked protests on college campuses for its frequent 50-cent swipe fees, non-branded ATM use fees and overdraft charges.

Read more at OregonLive.com.

{biztweet}higher one{/biztweet}

 

More Articles

Balancing Act

July/August 2015
Friday, July 10, 2015
BY DAN COOK

The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.


Read more...

Department of Self-Promotion

Linda Baker
Tuesday, August 04, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...

5 questions for ImpactFlow CEO Tyler Foreman

The Latest
Thursday, August 13, 2015
impactflowthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.


Read more...

Portland’s long-distance bike commuters

The Latest
Monday, August 03, 2015
Matt KellyresizethumbBY KIM MOORE | RESEARCH EDITOR

Pushing the extreme.


Read more...

Up on the Roof

September 2015
Wednesday, August 19, 2015
BY LINDA BAKER

In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction. 


Read more...

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS