Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans ...Middle East

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Another VC-backed fintech, Earnin, faces crackdown over allegedly ‘predatory’ loans
source : tech crunch ( Middle East ) () 60
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.

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