Categories
payday loans dothan al

Cash-advance app Earnin changes its tune amid NY probe

Cash-advance app Earnin changes its tune amid NY probe

Popular cash loan application Earnin operating in cash advance ‘gray area,’ experts claim

A cash-advance application supported by rapper Nas was scrambling to flee regulatory temperature over issues so it is doing unlawful payday financing into the ny, The Post has discovered.

Earnin, a Silicon Valley startup whose investors have investment capital company Andreessen Horowitz, quietly disabled a controversial function for New York users that links the dimensions of its loans to voluntary “tips,” according to sources near to the situation.