Dave

Report: Dave Picks New Marketing Head as It Faces FTC Lawsuit
Report: Dave Picks New Marketing Head as It Faces FTC Lawsuit
November 19, 2024  |  Personnel

Digital bank Dave has reportedly named a new marketing chief amid regulatory troubles. Kevin Frisch, a veteran of companies such as Intuit QuickBooks and Uber, started his tenure with Dave...

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Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
November 12, 2024  |  Earnings

Dave, the neobank and cash advance app singled out in an Federal Trade Commission (FTC) complaint last week, Tuesday (Nov. 12) announced compliance-oriented changes to...

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FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
November 06, 2024  |  Regulation

If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs —...

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FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
November 06, 2024  |  Regulation

The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not...

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Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
Big Banks Joust With Neobanks for Lower-Income Consumer Accounts
October 04, 2024  |  Banking

There’s a commonality in financial services — for brick-and-mortar players and for several FinTechs, though the approach may differ: Serving the needs of lower-income households....

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Dave’s ExtraCash Advance Program Grows by 37% Amid Continued Consumer Caution
Dave’s ExtraCash Advance Program Grows by 37% Amid Continued Consumer Caution
August 06, 2024  |  Earnings

Digital banking platform Dave said customers are increasingly turning to its ExtraCash offering. Originations for the cash advance program reached $1.2 billion for the company’s...

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Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer
June 05, 2024  |  Digital-First Banking

It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t...

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Neobank Dave Attributes Best-Ever Credit Performance to AI-Driven Underwriting Engine
Neobank Dave Attributes Best-Ever Credit Performance to AI-Driven Underwriting Engine
May 07, 2024  |  Earnings

Neobank Dave said it improved its credit performance over the past year with the use of artificial intelligence (AI). Between the first quarter of 2023 and...

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Dave’s ExtraCash Jumps 29% as Consumers Seek Emergency Funds
Dave’s ExtraCash Jumps 29% as Consumers Seek Emergency Funds
March 05, 2024  |  Earnings

Digital banking/finance platform Dave says its customers are seeking extra cash. More accurately, they’re seeking ExtraCash, the company’s cash advance program, which saw disbursements jump by double...

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