A proposed $15 million 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. regarding the marketing and fees associated with the Higher One OneAccount. If you opened a OneAccount bank account between July 1, 2006 and Aug. 2, 2012, you could be eligible for benefits from the class action settlement.
The Higher One OneAccount class action lawsuit alleges that the defendants failed to disclose the refund disbursement methods available to students for their tuition and financial aid refunds. The plaintiffs also allege the defendants inadequately disclosed fees such as PIN-based transaction fees and ATM fees associated with Higher One accounts.
The defendants deny any wrongdoing but agreed to settle the OneAccount class action lawsuit to avoid the expense and uncertainty of trial.
You must file a claim to receive a cash payment by visiting OneAccountSettlement.com and providing the necessary details like your current address and contact info, and your notice number, which was provided either with the e-mail or postcard notice you received, and some other type of distinguishing info like the last 4 digits of your Social Security number, your birth date or OneAccount number. Class Members who submit valid claims will be eligible to get cash payment, which is based on the number and type of fees incurred and the number of claims filed for the Higher One class action settlement.Higher One OneAccount Settlement information:
Case Name: In re: Higher One OneAccount Marketing and Sales Practices Litigation, Case No. 3:12-md-02407, in the U.S. District Court for the District of Connecticut
Settlement website: http://oneaccountsettlement.com/
Submit claim form: https://oneaccountsettlement.com/mainpage/SubmitYourOnlineClaim.aspx
Claim form deadline: January 23, 2015
Final hearing: November 24, 2014
Higher One OneAccount Settlement
P.O. Box 1631
Faribault, MN 55021-1631
Tycko & Zavareei LLP
Shepherd Finkelman Miller Shah LLP
Gentle Turner Sexton Debrosse & Harbison
Jones Ward PLC