Dave receives FTC enforcement action regarding ExtraCash product disclosures
Dave issued FTC lawsuit affecting Federal Trade Commission on November 5, 2024.
- Primary
- Dave
- Counterparty
- Federal Trade Commission
- Amount
- $7M
- Structure
- FTC lawsuit
- Date
- November 5, 2024
- Sub-sector
- Neobank
FTC filed suit against Dave over consumer disclosures and consent acquisition for ExtraCash and banking products; Dave claims strong legal defenses and rejects regulatory overreach characterization.
Source: manilatimes.net