Money advance software Earnin changes its tune amid NY probe

Money advance software Earnin changes its tune amid NY probe

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

A cash-advance application backed by rapper Nas is scrambling to flee heat that is regulatory issues so it is doing unlawful payday financing when you look at the ny, The Post has discovered.

Earnin, a Silicon Valley startup whose investors likewise incorporate capital raising company Andreessen Horowitz, quietly disabled a controversial feature for ny users that links the dimensions of its loans to voluntary “tips,” according to sources near to the situation.