Monday, July 14, 2014

Higher One OneAccount Settlement over Deceptive Fees

In Higher One OneAccount settlement, if you opened a Higher One OneAccount bank account between July 1, 2006 and Aug. 2, 2012 and incurred a fee, you can be eligible for cash benefits so submit a claim form at OneAccountSettlement.com.

Higher One has agreed to settle a class action lawsuit brought by earlier student customers over deceptive fees and marketing practices in 2012 for $15 million. This class action lawsuit is against Higher One Holdings Inc., Higher One Inc., Wright Express Financial Services Corporation (now called WEX Bank), The Bancorp Bank, and Taylor Capital Group Inc. Anyone who opened an OneAccount bank account between July 1, 2006 and Aug. 2, 2012, can receive cash benefits to those who were subjected to allegedly improper OneAccount fees.

Higher One OneAccount Settlement over Deceptive Fees

The Higher One OneAccount class action lawsuit claims that the defendants failed to disclose the refund disbursement ways offered to students for their tuition and financial aid refunds. As well, the plaintiffs allege the defendants improperly disclosed fees like PIN-based transaction fees and ATM fees linked with Higher One accounts. Defendants stated that there was nothing wrong with their marketing and fee practices, but agreed to settle the OneAccount class action lawsuit in order 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

Claims Administrator:
Higher One OneAccount Settlement
P.O. Box 1631
Faribault, MN 55021-1631
1-877-310-4642

Class Counsel:
Tycko & Zavareei LLP
Shepherd Finkelman Miller Shah LLP
Gentle Turner Sexton Debrosse & Harbison
Jones Ward PLC

Defense Counsel:
Wiggin and Dana LLP

2 comments:

  1. Replies
    1. I dont know whats going on I havent heard from anybody.

      Delete