The Federal Trade Commission has referred its federal court case against online cash advance firm Dave (DAVE) Inc. to the U.S. Department of Justice which has filed an amended complaint in the case that names Dave CEO Jason Wilk as a defendant and seeks civil penalties. The FTC first brought its case against Dave in November 2024, charging that the company uses misleading marketing to deceive consumers about the amount of its cash advances, charges consumers undisclosed fees, and charges so-called “tips” to consumers without their consent. “Dave has targeted consumers facing financial challenges with false promises of quick cash while pocketing surprise fees, including by paying itself a so-called ‘tip,'” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “Today the DOJ and FTC have shown their commitment to work together to protect consumers from these unlawful practices.”
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