WASHINGTON (Reuters) – The UNITED STATE Justice Department and the Federal Trade Commission revealed a civil enforcement activity on Monday versus economic innovation firm Dave Inc and its CHIEF EXECUTIVE OFFICER Jason Wilk for declared infractions of government regulation.
The companies declared the firm enticed customers to its individual money application by marketing cash loan of approximately $500 that several never ever obtain.
The grievance, submitted by the Justice Department, looks for undefined quantities of customer remedy and financial civil fines from the offenders and a long-term order to forbid them from participating in future infractions, the Justice Department stated.
(Reporting by Kanishka Singh in Washington; Editing by Chris Reese)
