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Campus Debit Cards

Higher One Ripped Off Students, Federal Regulators Say

Reuters | Tyler Kingkade | Posted 12.27.2015 | College

U.S. banking regulators on Wednesday ordered financial firm Higher One Holdings Inc to pay fines and restitution to borrowers over allegedly "deceptiv...

Colleges Cut Deals With Wall Street To Steering Students Into Debit Card Accounts

Washington Post | Posted 12.16.2014 | College

But while colleges have moved away from credit card agreements, they have inked more deals to market debit and prepaid cards that are not subject to t...

Bank Lobby Opposes Telling Students How Much Colleges Make Off Campus Debit Cards

Inside Higher Ed | Posted 08.21.2014 | College

A group that represents consumer banks is pushing back against warnings by the Consumer Financial Protection Bureau that undisclosed arrangements betw...

Tyler Kingkade

'Deceptive Practices' On Campus Debit Cards Results In Multi-Million Dollar Fine | Tyler Kingkade | Posted 07.02.2014 | College

On Tuesday, the Federal Reserve Board levied a $3.5 million penalty against Cole Taylor Bank of Chicago for its participation in deceptive practices w...

Should Colleges Get Money From Banks To Steer Students Into Bank Accounts?

The Huffington Post | Tyler Kingkade | Posted 05.23.2014 | College

A group of lawmakers in both the House and the Senate presented legislation Thursday to prevent financial institutions from paying colleges and univer...

Tyler Kingkade

Nation's Leading Campus Debit Card Provider Faces Investigation | Tyler Kingkade | Posted 04.10.2014 | Business

NEW YORK -- The nation's leading provider of campus debit cards, Higher One Holdings, faces an investigation by the Federal Reserve Bank of Chicago in...

Tyler Kingkade

Government Watchdog Raises Concern About Campus Debit Cards | Tyler Kingkade | Posted 02.13.2014 | College

Congress should require financial service companies to disclose how much they pay colleges to offer campus debit cards that may not be the best option...

Tyler Kingkade

Financial Institutions Pressured To Reveal Details On Controversial Campus Debit Cards | Tyler Kingkade | Posted 01.23.2014 | College

The Consumer Financial Protection Bureau urged a number of financial institutions on Tuesday to disclose how much money they are paying colleges and u...

Controversial Campus Debit Card Company Nears Settlement

Inside Higher Ed | Posted 11.06.2013 | College

Higher One, the large but often controversial provider of debit cards on college campuses, has reached a preliminary agreement to pay $15 million to s...

Tyler Kingkade

CFPB: Campus Debit Card Deals Are Hurting Students | Tyler Kingkade | Posted 09.30.2013 | Business

College students are losing money by opening accounts with banks and other financial institutions that charge unnecessary fees while maintaining arran...

Federal Agency Investigating College Campus Banking Services

The Huffington Post | Tyler Kingkade | Posted 02.19.2013 | Business

The Consumer Financial Protection Bureau announced Thursday it is opening an investigation into whether students are actually benefiting from banking ...

As Fall Financial Aid Is Disbursed, Senator Issues Urgent Warning to Students Using Campus Debit Cards

Rich Williams | Posted 11.18.2012 | College
Rich Williams

A recent US PIRG report documents how banks are back on campus this fall with new and aggressive tactics that can leave students deeper in debt.