Deceptive Dave? DOJ and FTC Take on Fintech Giant Over Misleading Practices

Join us as we dive into the Department of Justice’s lawsuit against Dave Inc., the fintech company accused of deceptive advertising and hidden fees. Discover how the DOJ, taking over from the FTC, alleges that Dave misled consumers about cash advance amounts, charged undisclosed ‘tips’ and express fees, and complicated subscription cancellations. We’ll unpack the amended complaint, highlight evidence from internal company documents, and discuss Dave’s response, including their new fee structure and claims of innocence. Don’t miss this episode exploring the legal battle that could reshape fintech regulations and consumer trust