A $15 million proposed settlement has been reached in a class action lawsuit against Higher One Holdings, Inc., Higher One, Inc., The Bancorp Bank, Wright Express Financial Services Corporation now known as WEX Bank, and Taylor Capital Group, Inc. ("Defendants") regarding the Fees charged and the marketing of the Higher One OneAccount. Defendants maintain that there was nothing wrong with their marketing and Fee practices and that they did not violate any laws.
Any Class Member who files a Claim will be entitled to a cash payment from the $15,000,000 settlement fund. The size of the Payment depends on the number and type of Fees you incurred and the number of Claims that are made.
The Court granted final approval on November 24, 2014 and additional information is available in the Other Legal Documents tab of this website. We estimate check distribution will take place in March 2015.
The Claim Form submission deadline of January 23, 2015 has passed.
No additional Claims are being accepted.
Status Update: The Claims Administrator is in the final stages of processing claims and anticipates settlement funds will be mailed in late March, 2015.