Mobile banking app Dave is pushing back against claims in a new government lawsuit. The Department of Justice (DOJ) filed a suit Monday (Dec. 30) against the FinTech and its CEO Jason Wilk, alleging they violated federal law by deceptively advertising Dave’s cash advances, charging hidden fees, misrepresenting how...
The Federal Trade Commission (FTC) has referred its previously announced federal court case against online cash advance firm Dave to the Department of Justice (DOJ). The DOJ, in turn, has filed an amended complaint that names the company’s CEO, Jason Wilk, as a defendant and...
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 this week, The Wall Street Journal reported Tuesday (Nov. 19). His appointment is happening as Dave — which offers cash advances and...
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 its business model fundamentals, including a new sponsor bank. The announcements were made in the context of the company’s mostly...
November 06, 2024
If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs — frequently are being played out in the courts. And in just the latest example, the Federal Trade Commission’s lawsuit against digital banking platform Dave spotlights some of the key areas […]
June 05, 2024
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 view the volatility rocking the...
March 03, 2025
Neobank Dave selected Washington-based Coastal Community Bank as a sponsor bank for its banking products and its ExtraCash demand deposit account. The neobank’s customers will begin onboarding to Coastal Community Bank as soon as the second quarter, Dave and the bank’s holding company, Coastal Financial Corp., said in a Monday (March 3) press release. The […]
December 31, 2024
Mobile banking app Dave is pushing back against claims in a new government lawsuit. The Department of Justice (DOJ) filed a suit Monday (Dec. 30) against the FinTech and its CEO Jason Wilk, alleging...
December 30, 2024
The Federal Trade Commission (FTC) has referred its previously announced federal court case against online cash advance firm Dave to the Department of Justice (DOJ). The DOJ, in turn, has...
November 19, 2024
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 this week, The Wall Street...
