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Dave ( (DAVE) ) has shared an update.
Dave Inc. is responding to an amended civil complaint filed by the DOJ on behalf of the FTC, which alleges regulatory violations related to its platform and ExtraCash product. The company argues the complaint is based on inaccuracies and government overreach, as it includes new claims for civil money penalties and names CEO Jason Wilk as a defendant. Dave is implementing a new mandatory fee structure for its ExtraCash product, eliminating optional tips and express fees, which has been positively received by customers. The company remains optimistic about its outlook and plans to share more updates in its upcoming earnings call.
More about Dave
Dave Inc. is a leading U.S. neobank and fintech pioneer that serves millions of everyday Americans. The company leverages disruptive technologies to offer banking services at a competitive price, partnering with Evolve Bank & Trust, an FDIC member.
YTD Price Performance: 1026.54%
Average Trading Volume: 493,517
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.21B
For an in-depth examination of DAVE stock, go to TipRanks’ Stock Analysis page.
