
Neobank Dave Makes Business Model Changes in Wake of FTC Complaint
Dave, the neobank and cash advance app singled out in an Federal Trade Commission (FTC) complaint last week, Tuesday (Nov. 12) announced compliance-oriented changes to its business model fundamentals, including a new sponsor bank. The announcements were made in the context of the company’s mostly positive Q3 earnings. And while he struck a defiant tone […]
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