US EditionNew York Attorney General Sues DailyPay and MoneyLion Over Alleged Predatory Lending Practices
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New York Attorney General Sues DailyPay and MoneyLion Over Alleged Predatory Lending Practices
The New York State Attorney General’s Office has filed lawsuits against two leading earned wage access (EWA) companies, DailyPay and MoneyLion, accusing them of engaging in illegal, deceptive, and abusive lending practices that allegedly exploit low-income workers. Attorney General Letitia James announced the legal action on Monday, April 14, alleging that both companies are effectively operating payday loan schemes under the guise of wage acces…
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