<ul><li>Mobile banking app Dave is pushing back against claims in a new government lawsuit.</li><li>The Department of Justice (DOJ) filed a suit alleging that Dave violated federal law by deceptively advertising cash advances, charging hidden fees, misrepresenting how tips are used, and levying recurring monthly fees.</li><li>Dave responded to the claims, stating that the suit is government overreach and includes allegations based on inaccuracies. The company intends to vigorously defend itself.</li><li>Dave is introducing a new fee structure, eliminating optional tips and express fees for its ExtraCash product, to address the focus of the lawsuit. The transition for existing members is underway, and the full implementation of the new fee structure is expected to be completed early next year.</li></ul>

FinTech Dave Says DOJ Lawsuit Is ‘Government Overreach’

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