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Higher One Inc
Higher One Inc is a public company that was listed on the New York Stock Exchange (NYSE) under the ticker symbol "ONE" until 2016. The company provided financial services for students, including banking services and payment plans for tuition and fees. However, the company has since faced legal action from the Consumer Financial Protection Bureau (CFPB) due to allegations of student loan servicing problems and deceptive student lending practices. Moody's Investors Service downgraded Higher One'
Inc's outlook from stable to negative in 2015, and eventually, the company was delisted from the NYSE.
Higher One was formed in 2000 by a team of executives from Citigroup, First Marblehead, and Merrill Lynch. In 2007, the company raised $100 million in funding through a private placement of equity, and in 2010, it got listed on the NYSE through an initial public offering (IPO). However, the company faced lawsuits, regulatory issues, and legal actions from the state of New Jersey and the CFPB, resulting in a decline in stock price and the company's eventual delisting from the NYSE.