The US DOJ files a complaint and announces a civil enforcement action against fintech startup Dave and CEO Jason Wilk, replacing an FTC complaint from November
Press release: www.justice.gov/opa/pr/unite... [embedded post] Mastodon: Dare Obasanjo / @carnage4life@mas.to : There's no such thing as a free lunch. The DOJ has taken action against the fintech Dave and its CEO after it turned out they advertised $500 cash advances that customers never received and asked for tips in lieu of fees which they claimed would feed needy kids but didn't. … X: Steve Herman / @w7voa : DoJ and FTC have filed a civil enforcement action against Dave Inc. and its CEO,Jason Wilk, alleging they misled consumers by deceptively advertising cash advances and charging hidden fees. https://www.justice.gov/... https://journa.host/... @ftc : DOJ files amended complaint naming Dave CEO as defendant and seeking civil penalties for deceiving consumers, charging undisclosed fees Jeff Roberts / @jeffjohnroberts : Rough holiday season for fintechs. DOJ charged Kabbage founder last week. Now it's Dave and CEO Jason Wilk facing federal charges https://www.justice.gov/... [image] @ftc : FTC refers case against online cash advance firm Dave Inc. to Department of Justice: https://www.ftc.gov/... Forums: Msmash / Slashdot : US Files Complaint Against Fintech App Dave And Its CEO