Violation Tracker Individual Record
: WEX Bank and Higher One, Inc.
Current Parent Company
: WEX Inc.
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: December 23, 2015
: financial offenses
: banking violation
: The Federal Deposit Insurance Corporation announced settlements with WEX Bank, Midvale, Utah, and Higher One, Inc., New Haven, Conn., an institution-affiliated party of WEX Bank, for deceptive practices in violation of Section 5 of the Federal Trade Commission (FTC) Act.
Level of Government
: agency action
: Federal Deposit Insurance Corporation
Civil or Criminal Case
HQ Country of Current Parent
HQ State of Current Parent
Ownership Structure of Current Parent
: publicly traded
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
: payment processing
Source of Data
: (click here)
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log