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Earnin cash advance app is subpoenaed by New York regulator: source
New York regulators have launched an investigation into Earnin, a Silicon Valley-backed cash advance app, over concerns it circumvents state loan laws, The Post has learned. The investigation follows an exclusive report by The Post last week that questioned whether the increasingly popular app’s voluntary ‘tips’ requests in exchange for paycheck advances amounted to loans …
Popular cash-advance app Earnin operates in payday lending ‘grey zone’, critics say
AJ Smith knows all about people who owe money. After all, he’s a debt collector in Las Vegas, the gambling capital of the world. So last March, when Smith downloaded Earnin, an app that lets workers face part of their paychecks early, he didn’t think about it. It was money he had already earned, the …