DailyPay: New York Sues DailyPay and MoneyLion Over Alleged Illegal Loans

State Authorities Target Lending Practices to Protect Consumers Highlights: New York State has filed a lawsuit against DailyPay and MoneyLion for allegedly offering illegal loans. The lawsuit aims to protect consumers from predatory lending practices. Authorities are scrutinizing the companies' lending operations to ensure compliance with state regulations. The New York State Attorney General's office [...]