Another VC-backed fintech, Earnin, faces crackdown over allegedly 'predatory' loans

By TechCrunch | Nov 20, 2024 at 04:04 PM EST

The Attorney General of DC is suing fintech Earnin for allegedly providing illegal high-interest loans. Earnin allows users to access paychecks in advance but charges fees that equate to an interest rate of 300%, exceeding the District's 24% cap.

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