Another VC-backed fintech, Earnin, faces crackdown over allegedly 'predatory' loans | TechCrunchThe DC attorney general is suing Earnin for allegedly misleading marketing and operating high-interest payday loans without proper licensing.
How Payday Loan Lenders Determine Your Eligibility: A Behind-the-Scenes LookPayday loans provide quick cash for emergencies but require understanding of eligibility criteria and application processes for better approval chances.
A watchdog group targets payday lenders with a 2 strikes' rule to help borrowersPayday loans put borrowers at significant risk due to high interest rates and rollover cycles, leading to long-term financial hardships.