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Google Reviews Logo

317.636.6481

One Indiana Square, Suite 1400 Indianapolis, Indiana 46204

Make a Payment
  • Home
  • Firm Overview
  • Our Attorneys
  • Practice Areas
    • Pharmaceutical Drug & Medical Device Litigation
    • Personal Injury
    • Sexual Abuse
    • Class Action
    • Medical Malpractice
    • Eminent Domain
    • Family Law
    • Business Services, Real Estate & Business Litigation
    • Bankruptcy, Creditor’s Rights, & Commercial & Business Law
    • Appellate Law
  • Firm News
    • News & Announcements
    • Alerts
  • Resources
    • Video Library
    • Blog
  • Contact Us

Home » Owner of Earnin Pay Advance App Agrees to $12.5 Million Settlement

Owner of Earnin Pay Advance App Agrees to $12.5 Million Settlement

Activehours, Inc. the parent company of mobile lending application Earnin agreed to pay $12.5 million to settle a lawsuit alleging it engaged in deceptive advertising and failed to provide proper disclosures to its users. People who used Earnin for a payroll advances claim the company marketed its service as a way to avoid overdraft fees from their banks. However, many of these consumers were charged hundreds of dollars in overdraft fees due to withdrawal attempts made by Earnin prior to funds being available.

If you or someone you know used the Earnin app to borrow money and would like more information about this lawsuit, contact us. Cohen & Malad, LLP class action attorneys have represented thousands of people in consumer protection lawsuits against banks, credit unions, and lenders related to improper fees and predatory lending.

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