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NY Attorney General sues MoneyLion and DailyPay over alleged predatory lending practices.
New York's Attorney General Letitia James has filed a lawsuit against payday lenders MoneyLion and DailyPay, accusing them of predatory lending practices.
The lawsuit claims the companies exploit workers by charging exorbitant fees, with interest rates reaching up to 750%.
The Attorney General seeks to halt these practices, obtain restitution for affected customers, and impose penalties on the companies.
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El Fiscal General de Nueva York demanda a MoneyLion y DailyPay por supuestas prácticas predatorias de préstamo.