Cash-advance app Earnin changes its tune amid NY probe

Cash-advance app Earnin changes its tune amid NY probe

Popular cash loan application Earnin operating in cash advance ‘gray area,’ critics claim

A cash-advance software supported by rapper Nas was scrambling to flee heat that is regulatory issues that it is doing unlawful payday financing in the the big apple, The Post has learned.

Earnin, a Silicon Valley startup whose investors likewise incorporate investment capital company Andreessen Horowitz, quietly disabled a controversial function for ny users that links how big is its loans to voluntary “tips,” according to sources near to the situation. (more…)

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