Home Must Reads Higher One to return $11M to students

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

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Knight Vision

October 2014
Thursday, September 25, 2014
BY VIVIAN MCINERNY

Travis Knight wants to release a movie a year. Can he pull it off?


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

Launch

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

October's Launch article features Soul Kitchen, Easy Company and Slick's Big Time BBQ.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


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