On December 30 local time, the US Department of Justice filed a lawsuit against the fintech company Dave and its CEO Jason Wilk, accusing them of violating federal laws and announcing civil enforcement actions. The US Department of Justice and the Federal Trade Commission (FTC) accuse Dave of enticing users to use its personal finance application by advertising "up to $500 cash advance," while many users have never received the advanced cash. The complaint also claims that Dave charged users hidden fees and imposed recurring monthly fees without providing a clear and simple cancellation mechanism. The US Department of Justice demands that the defendants compensate consumers and accept monetary civil penalties, and seeks a permanent injunction to prohibit the defendants from engaging in illegal activities in the future. Dave responded that many of the claims in the lawsuit are "not correct," and the company will mount a defense.