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Money advance software Earnin changes its tune amid NY probe

Money advance software Earnin changes its tune amid NY probe

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

A cash-advance software supported by rapper Nas was scrambling to flee heat that is regulatory issues it is doing unlawful payday lending when you look at the ny, The Post has learned.

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