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Dave Inc

104.72

+8.298.60%

Post-market: 104.720.00000.00%19:58 EDT

Volume:380.55K

Turnover:38.83M

Market Cap:1.40B

PE:24.99

High:104.73

Open:97.88

Low:97.25

Close:96.43

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Overview Company News Filings

Top Midday Stories: Sangamo Shares Fall After Pfizer Exits Collaboration; Dave Denies DOJ Allegations

MT Newswires Live

BUZZ-Mark Cuban-backed Dave falls after US alleges deceptive practices

Online Bank Dave Updates Fee Structure After FTC Complaint Goes to Federal Court

Dave Shares Down 9.9% After U.S. Justice Department Files Complaint Against Co and CEO

THOMSON REUTERS

Sector Update: Tech Stocks Advance Premarket Tuesday

MT Newswires Live

Lake Street Reaffirms Their Buy Rating on Dave (DAVE)

Fin Tech Firm Dave Faces Legal Action Over Alleged Hidden Fees, Misleading Advertising

Dave Denies Wrongdoing in DOJ Complaint

MT Newswires Live

Dave Shares Down 7.3% Premarket After U.S. Justice Department Files Complaint Against Co and CEO

THOMSON REUTERS

Dave says amended FTC complaint is ‘continued example of government overreach’

Dave Issues Statement in Response to Amended FTC Complaint and Provides Update on New Extracash Fee Structure

THOMSON REUTERS

BRIEF-Dave Inc Says Intends To Defend Itself In Amended FTC Complaint Matter

Dave Inc: Expects to Complete Full Implementation of New Fee Structure in Early 2025

THOMSON REUTERS

Dave Inc: Issues Statement in Response to Amended FTC Complaint

THOMSON REUTERS

Dave Faces DOJ Complaint Over Misleading Advertising; Shares Down Pre-Bell

MT Newswires Live

These 2 Monster Growth Stocks Skyrocketed Over 1,000% This Year — Here’s What Analysts Expect in 2025

US files complaint against fintech app Dave and its CEO

US announces civil enforcement action against fintech app Dave and its CEO

FTC refers case against Dave Inc. to DOJ

FTC Release: FTC Refers Case Against Online Cash Advance Firm Dave Inc. to Department of Justice

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The partnership between Sangamo and Pfizer will formally end in April 21, 2025, Sangamo said. Shares of Sangamo were down 53.8%, while those of Pfizer were up 0.2%.Dave  denied allegations by the Justice Department that it misled customers with advertisements of cash advances, calling the complaint a case of \"government overreach.\" The Justice Department said Monday it filed a complaint against Dave and Chief Executive Jason Wilk alleging that the company lured customers to its personal finance app by promising cash advances of up to $500 that many did not receive. Dave shares were down 7.7%.The","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0225284248.USD","IE000M9KFDE8.USD","IE00B19Z3B42.SGD","LU1894683348.USD","LU1023059063.AUD","BK4599","PFE.AU","BK4023","LU0170899867.USD","LU0058720904.USD","SG9999001176.USD","IE00BLSP4239.USD","LU0456855351.SGD","BK4588","BK4007","LU0225771236.USD","IE00BLSP4452.SGD","LU0321505868.SGD","SG9999002232.USD","LU1066053197.SGD","LU0985481810.HKD","SG9999001176.SGD","SGMO","SG9999011175.SGD","LU0306807586.USD","BK4550","BK4534","BK4568","BK4592","LU1894683264.USD","BK4139","BK4166","BK4585","LU0306806265.USD","LU0321505439.SGD","PFE","BK4556","SG9999003800.SGD","LU1883839398.USD","DAVE","LU0234572021.USD","LU1066051498.USD","LU0289739699.SGD","SGXZ57979304.SGD","IE0002270589.USD","SG9999002224.SGD","SG9999013999.USD","BK4581","BK4533","IE00B19Z3581.USD"],"gpt_icon":1},{"id":"2495065616","title":"BUZZ-Mark Cuban-backed Dave falls after US alleges deceptive practices","url":"https://stock-news.laohu8.com/highlight/detail?id=2495065616","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495065616?lang=en_us&edition=fundamental","pubTime":"2024-12-31 23:09","pubTimestamp":1735657746,"startTime":"0","endTime":"0","summary":"BUZZ-Mark Cuban-backed Dave falls after US alleges deceptive practices** Shares of billionaire Mark Cuban-backed digital banking firm Dave DAVE.O drop 9.3% to $85.68** The U.S. Department of Justice on Monday filed a complaint against DAVE and its CEO, Jason Wilk, for allegedly deceptive practices** Company advertised instant cash advances of up to $500 for their consumers, but charged \"hidden\" fees that they do not clearly disclose - DoJ** The company and its CEO \"very rarely offer consumers anywhere near the advertised $500\" and \"often do not offer any cash advance at all\", the watchdog says** Many of the DoJ's claims were incorrect, Dave says, adding that it will defend itself** However, the company is rolling out a streamlined fee structure it had unveiled earlier to remove some of the fees at the center of the regulator's concerns** Stock has jumped more than 11-fold YTD, as of last close  ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241231:nL4N3NW0KT:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4166","BK4023","DAVE"],"gpt_icon":0},{"id":"2495807614","title":"Online Bank Dave Updates Fee Structure After FTC Complaint Goes to Federal Court","url":"https://stock-news.laohu8.com/highlight/detail?id=2495807614","media":"Investopedia","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495807614?lang=en_us&edition=fundamental","pubTime":"2024-12-31 22:51","pubTimestamp":1735656713,"startTime":"0","endTime":"0","summary":"Online bank Dave changed its fees and blasted regulators in response to an amended complaint filed in a California court by the Department of Justice.The Federal Trade Commission initially charged the firm with misleading marketing, and the new complaint added co-founder and CEO Jason Wilk as co-defendant.Dave said because the main focus of the court case involved what customers had to pay, it was updating its simplified mandatory fee structure.Shares of Dave Inc.  sank 9% Tuesday as the online bank reacted to a move by the Federal Trade Commission  to refer its complaint against the company to the Department of Justice , which in turn filed a lawsuit in a California federal court.In the initial charge, the FTC said Dave uses \"misleading marketing to deceive consumers about the amount of its cash advances, charges consumers undisclosed fees, and charges so-called 'tips' to consumers without their consent.\"","market":"hk","thumbnail":"https://www.investopedia.com/thmb/rN3EqeSv63VwOAJpPCAAjlD1Q30=/5797x3865/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1247231557-c5fda628ef914527beebcdacb7a17afa.jpg","type":0,"news_type":0,"thumbnails":["https://www.investopedia.com/thmb/rN3EqeSv63VwOAJpPCAAjlD1Q30=/5797x3865/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1247231557-c5fda628ef914527beebcdacb7a17afa.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.investopedia.com/online-bank-dave-updates-fee-structure-after-ftc-complaint-goes-to-federal-court-8767716","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"investopedia_highlight","symbols":["US3Y.BOND","US10Y.BOND","FTC.AU","US12M.BOND","US7Y.BOND","US6M.BOND","BK7158","BK7033","BK7509","US2Y.BOND","FTC","BK4023","DAVE","US30Y.BOND","US5Y.BOND","BK4166"],"gpt_icon":0},{"id":"2495225613","title":"Dave Shares Down 9.9% After U.S. Justice Department Files Complaint Against Co and CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2495225613","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495225613?lang=en_us&edition=fundamental","pubTime":"2024-12-31 22:31","pubTimestamp":1735655479,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241231:nL4N3NW0JU:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4166","BK4023","DAVE"],"gpt_icon":0},{"id":"2495814618","title":"Sector Update: Tech Stocks Advance Premarket Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=2495814618","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495814618?lang=en_us&edition=fundamental","pubTime":"2024-12-31 21:58","pubTimestamp":1735653481,"startTime":"0","endTime":"0","summary":"Technology stocks were advancing premarket Tuesday as the Technology Select Sector SPDR Fund  was 0.4% higher and the SPDR S&P Semiconductor ETF  was recently up 0.9%.Dave  and Chief Executive Jason Wilk are facing a complaint filed by the Justice Department for allegedly misleading consumers, the department said. Dave denied the Justice Department's allegations of misleading customers with promises of cash advances, calling the latest complaint a case of \"government overreach.\" Dave shares were down more than 10% pre-bell.Digital Ally  filed a registration statement covering the potential sale of up to 808,377 shares of its common stock on behalf of selling shareholders. Digital Ally shares advanced by over 3% premarket.Gaxos.ai  shares were 1.1% higher after the company said it closed a registered direct offering of about 1.3 million shares at $3 per share.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4588","GXAI.AU","BK4157","DGLY","BK4085","GXAI","XSD","BK4166","XLK","BK4023","BK4585","DAVE"],"gpt_icon":0},{"id":"2495961382","title":"Lake Street Reaffirms Their Buy Rating on Dave (DAVE)","url":"https://stock-news.laohu8.com/highlight/detail?id=2495961382","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495961382?lang=en_us&edition=fundamental","pubTime":"2024-12-31 21:55","pubTimestamp":1735653322,"startTime":"0","endTime":"0","summary":"In a report released today, Jacob Stephan from Lake Street maintained a Buy rating on Dave (DAVE – Research Report), with a price target of $98.00....","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/lake-street-reaffirms-their-buy-rating-on-dave-dave?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/lake-street-reaffirms-their-buy-rating-on-dave-dave?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["DAVE"],"gpt_icon":0},{"id":"2495690500","title":"Fin Tech Firm Dave Faces Legal Action Over Alleged Hidden Fees, Misleading Advertising","url":"https://stock-news.laohu8.com/highlight/detail?id=2495690500","media":"Benzinga","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495690500?lang=en_us&edition=fundamental","pubTime":"2024-12-31 21:20","pubTimestamp":1735651258,"startTime":"0","endTime":"0","summary":"On Monday, the Department of Justice  and the Federal Trade Commission  filed a civil enforcement action against financial technology company Dave Inc  and its CEO, Jason Wilk, alleging violations of consumer protection laws.The lawsuit claims the company engaged in deceptive practices, including hidden fees, misleading advertising, and unclear cancellation mechanisms for recurring charges.Also Read: Financial Crime Weekly: Alleged Snowflake Hacker Arrested, Banned China Chip Shipments, Payday Advance Company Sued. Dave, which offers short-term cash advances through its app, is accused of falsely marketing its services. According to the complaint, the company rarely provides the advertised \"up to $500\" cash advances and imposes undisclosed \"express fees\" for instant access to funds.The lawsuit also alleges that Dave misrepresents how tips from users are used, claiming they fund meals for children when the company retains most tips.Dave emphasized its commitment to compliance and transp","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/fin-tech-firm-dave-faces-132058699.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["DAVE","FTC","BK4166","DAVEW","BK4023"],"gpt_icon":0},{"id":"2495692723","title":"Dave Denies Wrongdoing in DOJ Complaint","url":"https://stock-news.laohu8.com/highlight/detail?id=2495692723","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495692723?lang=en_us&edition=fundamental","pubTime":"2024-12-31 21:15","pubTimestamp":1735650939,"startTime":"0","endTime":"0","summary":"Dave  said Tuesday it denies the Justice Department's allegations of misleading customers with promises of cash advances, calling the latest complaint a case of \"government overreach.\"The Department of Justice said Monday it filed a complaint against Dave and Chief Executive Jason Wilk alleging the company of luring customers to its personal finance app by advertising cash advances of up to $500 that many would not receive.\"We believe that we have always acted within the law, and we have continued to rely on the fact that other government agencies have previously reviewed the Company's business model without taking action,\" Dave said.In relation to the complaint, Dave said it will implement in early 2025 a new fee structure on its platform that eliminates optional tips and express fees for the ExtraCash offering.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4166","DAVE","BK4023"],"gpt_icon":0},{"id":"2495691233","title":"Dave Shares Down 7.3% Premarket After U.S. Justice Department Files Complaint Against Co and CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2495691233","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495691233?lang=en_us&edition=fundamental","pubTime":"2024-12-31 20:35","pubTimestamp":1735648538,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241231:nL4N3NW0GF:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4166","BK4023","DAVE"],"gpt_icon":0},{"id":"2495269479","title":"Dave says amended FTC complaint is ‘continued example of government overreach’","url":"https://stock-news.laohu8.com/highlight/detail?id=2495269479","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495269479?lang=en_us&edition=fundamental","pubTime":"2024-12-31 20:35","pubTimestamp":1735648526,"startTime":"0","endTime":"0","summary":"The Department of Justice, on behalf of the Federal Trade Commission, filed an amended complaint in its lawsuit against Dave (DAVE) on December 30,...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/dave-says-amended-ftc-complaint-is-continued-example-of-government-overreach?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/dave-says-amended-ftc-complaint-is-continued-example-of-government-overreach?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["US5Y.BOND","US2Y.BOND","DAVE","US3Y.BOND","US7Y.BOND","US6M.BOND","US10Y.BOND","US30Y.BOND","FTC","US12M.BOND","BK4023","BK4166"],"gpt_icon":0},{"id":"2495691604","title":"Dave Issues Statement in Response to Amended FTC Complaint and Provides Update on New Extracash Fee Structure","url":"https://stock-news.laohu8.com/highlight/detail?id=2495691604","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495691604?lang=en_us&edition=fundamental","pubTime":"2024-12-31 20:30","pubTimestamp":1735648232,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241231:nTUA778HGY:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4166","DAVE","DAVEW","BK4023"],"gpt_icon":0},{"id":"2495961226","title":"BRIEF-Dave Inc Says Intends To Defend Itself In Amended FTC Complaint Matter","url":"https://stock-news.laohu8.com/highlight/detail?id=2495961226","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495961226?lang=en_us&edition=fundamental","pubTime":"2024-12-31 19:57","pubTimestamp":1735646270,"startTime":"0","endTime":"0","summary":"BRIEF-Dave Inc Says Intends To Defend Itself In Amended FTC Complaint MatterDec 31  - Dave Inc DAVE.O:DAVE INC: ISSUES STATEMENT IN RESPONSE TO AMENDED FTC COMPLAINTDAVE INC: INTEND TO DEFEND OURSELVES IN AMENDED FTC COMPLAINT MATTERDAVE INC: EXPECTS TO COMPLETE FULL IMPLEMENTATION OF NEW FEE STRUCTURE IN EARLY 2025Source text: [ID:n0001193125-24-287056]Further company coverage: DAVE.O ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241231:nFWN3NV0LB:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4023","BK4166","DAVE"],"gpt_icon":0},{"id":"2495935696","title":"Dave Inc: Expects to Complete Full Implementation of New Fee Structure in Early 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2495935696","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495935696?lang=en_us&edition=fundamental","pubTime":"2024-12-31 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19:07","pubTimestamp":1735643244,"startTime":"0","endTime":"0","summary":"Dave  and Chief Executive Jason Wilk are facing a complaint filed by the Justice Department for allegedly misleading consumers, the department said Monday.The Department of Justice alleged that the financial technology company lured customers to its personal finance app by advertising cash advances of up to $500 that many would not receive.The complaint seeks unspecified amounts of consumer redress and monetary civil penalties from the defendants, as well as a permanent injunction to prohibit them from engaging in future violations, the department said.Dave did not immediately respond to MT Newswires' request for comment.Shares of the company were down 7.7% in recent Tuesday premarket 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While the shares have been volatile since, and a","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/2-monster-growth-stocks-skyrocketed-073634714.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/2-monster-growth-stocks-skyrocketed-073634714.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["DAVE","MNPR","BK4139","DAVEW","BK4023","BK4166"],"gpt_icon":0},{"id":"2495696010","title":"US files complaint against fintech app Dave and its CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2495696010","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495696010?lang=en_us&edition=fundamental","pubTime":"2024-12-31 05:31","pubTimestamp":1735594311,"startTime":"0","endTime":"0","summary":"WASHINGTON  -The U.S. Justice Department filed a complaint and announced a civil enforcement action on Monday against financial technology company Dave and its CEO Jason Wilk for alleged violations of federal law.The Justice Department and the Federal Trade Commission alleged the company lured users to its personal finance app by advertising cash advances of up to $500 that many never receive.The complaint, filed by the Justice Department, seeks unspecified amounts of consumer redress and monetary civil penalties from the defendants and a permanent injunction to prohibit them from engaging in future violations, the Justice Department said.Dave says many of the claims are incorrect and it will defend itself. It is also rolling out a streamlined fee structure that was unveiled earlier to remove tips and \"express fees\", which regulators allege it charged customers to get cash advances instantly.The complaint filed on Monday amends and replaces an earlier complaint that the FTC filed in No","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/us-announces-civil-enforcement-action-213151414.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"US files complaint against fintech app Dave and its CEO","news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["DAVE","DAVEW"],"gpt_icon":0},{"id":"2495503069","title":"US announces civil enforcement action against fintech app Dave and its CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2495503069","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495503069?lang=en_us&edition=fundamental","pubTime":"2024-12-31 05:27","pubTimestamp":1735594042,"startTime":"0","endTime":"0","summary":"US announces civil enforcement action against fintech app Dave and its CEOWASHINGTON, Dec 30 (Reuters) - The U.S. Justice Department and the Federal Trade Commission announced a civil enforcement acti","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241230:nFWN3NV0EF:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4023","DAVE","BK4166"],"gpt_icon":0},{"id":"2495450590","title":"FTC refers case against Dave Inc. to DOJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2495450590","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495450590?lang=en_us&edition=fundamental","pubTime":"2024-12-31 05:25","pubTimestamp":1735593920,"startTime":"0","endTime":"0","summary":"The Federal Trade Commission has referred its federal court case against online cash advance firm Dave (DAVE) Inc. to the U.S. Department of Justic...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/ftc-refers-case-against-dave-inc-to-doj?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/ftc-refers-case-against-dave-inc-to-doj?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["US7Y.BOND","US6M.BOND","BK4166","FTC","US2Y.BOND","US12M.BOND","BK4023","US10Y.BOND","US30Y.BOND","DAVE","US5Y.BOND","US3Y.BOND"],"gpt_icon":0},{"id":"2495503367","title":"FTC Release: FTC Refers Case Against Online Cash Advance Firm Dave Inc. to Department of Justice","url":"https://stock-news.laohu8.com/highlight/detail?id=2495503367","media":"Dow Jones","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495503367?lang=en_us&edition=fundamental","pubTime":"2024-12-31 05:11","pubTimestamp":1735593060,"startTime":"0","endTime":"0","summary":"DOJ files amended complaint naming Dave CEO as defendant and seeking civil penalties for deceiving consumers, charging undisclosed fees. 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