U.S. files enforcement action against fintech app Dave and CEO for misleading practices - PRESS AI WORLD
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U.S. files enforcement action against fintech app Dave and CEO for misleading practices

share-iconTuesday, December 31 comment-icon1 month ago 9 views
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reutersREUTERS
U.S. files enforcement action against fintech app Dave and CEO for misleading practices

Credited from: REUTERS

  • The U.S. Justice Department has initiated a civil enforcement action against Dave Inc and its CEO Jason Wilk.
  • The complaint alleges deceptive advertising related to cash advances of up to $500 that users often do not receive.
  • The government seeks consumer redress, monetary penalties, and a permanent injunction against future violations.
  • Accusations against Dave include hidden fees and misrepresentation of how customer tips are utilized.
  • Dave has denied the allegations and plans to defend itself against the claims articulated in the amended complaint.

For more details, visit the original article here.

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Atlas Winston

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