Thursday, 21 November 2024

Fintech EarnIn sued by DC attorney general over 300% rates

by BD Banks

Financial-technology firm Activehours Inc., which does business as EarnIn, lures customers in with false promises of an early payday with no mandatory fees or interest costs while actually charging consumers rates of more than 300%, the attorney general of Washington, DC, alleged in a lawsuit. EarnIn claims that consumers can access their wages “within minutes […]

The post Fintech EarnIn sued by DC attorney general over 300% rates appeared first on Bank Automation News.

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