Reported 5 days ago
The U.S. Justice Department has filed a complaint against fintech company Dave Inc and its CEO Jason Wilk for alleged federal law violations, claiming the app attracted users with misleading cash advance offers of up to $500 that were often not fulfilled. The complaint seeks consumer redress, monetary penalties, and a permanent injunction to prevent future violations. Dave contests the allegations, asserting that many claims are inaccurate and intends to defend itself.
Source: YAHOO