US Justice Department Files Complaint Against Dave and CEO Over Misleading Practices
Key Points U.S. Justice Department and FTC accuse Dave of deceptive practices in advertising and fee structures. The company allegedly misled consumers about cash advances, misused tips, and charged hidden fees. The legal action seeks monetary penalties and a permanent injunction to prevent future violations. The updated filing intensifies regulatory scrutiny by naming CEO Jason Wilk and seeking civil penalties. The U.S. Justice Department, in collaboration with the Federal Trade Commission (FTC), has launched a civil enforcement action against financial...