United States of America: OAG lawsuit against EarnIn over alleged deceptive marketing (District of Columbia v ActiveHours Inc, d/b/a Earnin)

Progress

Current status
under deliberation
19 Nov 2024 under deliberation

Scope

Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
subnational

Timeline of events

19 Nov 2024
under deliberation

Announced OAG lawsuit against EarnIn over alleged deceptive marketing (District of Columbia v ActiveHours Inc,d/b/a Earnin)

On 19 November 2024, the Attorney General of Columbia filed a lawsuit against a mobile application-based financial technology company, EarnIn, for deceptively marketing high-interest loans to over 20’000 consumers. The lawsuit alleges that EarnIn fa…

Source
Event type public lawsuit
Action type announcement
Government branch judiciary
Government body court

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