Photo: Diego M. Radzinschi/ALM FTC Sues Cash-Advance Fintech Dave, Says It Deceives the 'Financially Vulnerable'
The Los Angeles-based company defended its business practices and called the enforcement action "regulatory overreach."
November 06, 2024 at 06:23 PM
4 minute read
Financial Services and Banking
The Federal Trade Commission has sued the popular fintech app Dave, alleging that it entices customers with ads offering cash advances of up to $500 but provides that amount only a tiny percentage of the time while slipping in undisclosed fees.
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