Ap Washington

bc-aids-lee(sh)

U.S. hosts AIDS conference after Calif. lawmaker's push Scripps Howard News Service Must credit... More

  • 0

DANIEL WAGNER AP Business Writer

WASHINGTON (AP) -- Higher One is preparing to pay a fine to federal regulators investigating fees... More

  • DANIEL WAGNER AP Business Writeris preparing to pay a fine to federal regulators investigating fees the company charged to college students using its bank cards. Two people with direct knowledge of the negotiations between Higher One and regulators say they are close to a deal that would end an 18-month investigation of overdraft fees charged between 2008 and 2011. The people spoke on condition of anonymity because the agreement is not final. Higher One markets bank cards and checking accounts to college students through exclusive marketing deals with collegessan and universities. The company said in a regulatory filing in May that it was working with the Federal Deposit Insurance Corp. to resolve the investigation. It said it already had refunded $4.7 million in fees.
  • 0