Feds Fine Cole Taylor Bank For 'Deceptive Practices' On Higher One Campus Debit Cards

Feds Fine Cole Taylor Bank For ‘Deceptive Practices’ On Higher One Campus Debit Cards

On Tuesday, the Federal Reserve Board levied a $3.5 million penalty against Cole Taylor Bank of Chicago for its participation in deceptive practices with a former partner, Higher One, the leading provider of campus debit cards. Cole Taylor will pay another $600,000 to the Illinois Department of Financial and [...]