Original Content
“Misleading” marketing and high interest charges were “intentionally designed to trap individuals in cycles of debt,” the city asserted. Baltimore sued fellow fintech MoneyLion in October.
Baltimore sues fintech Dave over cash advance product
AI Summary
The city of Baltimore sued fintech MoneyLion over allegations of misleading marketing and high interest charges on cash advance products, claiming they were intentionally designed to trap individuals in cycles of debt. The lawsuit was filed in October.
Texas Relevance
The article does not mention Texas or any Texas-specific entities and the case is against a fintech company, not a credit union.