💨 Abstract

The U.S. Justice Department has filed a complaint against financial technology company Dave Inc and its CEO, Jason Wilk, for alleged violations of federal law. The government accuses Dave of misleading consumers by deceptively advertising cash advances, charging hidden fees, and misrepresenting how it uses customers' tips. The company denies the claims and will defend itself. The complaint seeks consumer redress, monetary penalties, and a permanent injunction.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖