Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans
The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check […] © 2024 TechCrunch. All rights reserved. For personal use only.
The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check […]
© 2024 TechCrunch. All rights reserved. For personal use only.
What's Your Reaction?
