DC Attorney General Files Lawsuit Against Fintech Giant Earnin Over Unlawful Interest Rates

The financial technology company Earnin, which allows users to access their wages before their official paydays, is facing a lawsuit initiated by the Attorney General of Washington D.C. The lawsuit accuses Earnin of charging interest rates exceeding 300%, which is alleged to violate local usury laws. This legal action is part of a broader effort to scrutinize financial practices that disproportionately affect vulnerable populations.

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