Class Action Claims Earnin App Disguises Lending Charges, Excessive Interest as ‘Tips’

Stark v. Activehours, Inc.

Earnin has reached the middle of a proposed course action lawsuit that claims the organization behind the bucks advance application has tried to skirt lending laws by disguising fees and interest as being a purportedly optional “tip.”

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Earnin are at the middle of a proposed course action lawsuit that claims the organization behind the money advance software has tried to skirt lending laws by disguising fees and interest as being a purportedly optional “tip.” The truth is, the actual situation argues, defendant Activehours, Inc. is a payday lender—despite maybe not being certified as such in Ca or just about any other state—that costs borrowers, a lot of whom are believed “economically susceptible,” undisclosed, exorbitant rates of interest on small-dollar loans. Continue reading