DAVE ALERT: Bragar Eagel & Squire, P.C. is Investigating Dave, Inc. on Behalf of Dave Stockholders and Encourages Investors to Contact the Firm

Core Viewpoint - The investigation into Dave, Inc. is focused on potential violations of federal securities laws and unlawful business practices, particularly in relation to misleading advertising and hidden fees associated with its cash advance services [1][2]. Group 1: Legal Actions and Allegations - The U.S. Justice Department and the Federal Trade Commission (FTC) have initiated a civil enforcement action against Dave, Inc. and its CEO Jason Wilk for alleged violations of the FTC Act and the Restore Online Shoppers' Confidence Act (ROSCA) [2]. - The lawsuit claims that Dave misled consumers through deceptive advertising, including hidden fees and misrepresentation of how customer tips are utilized, as well as imposing recurring monthly fees without a straightforward cancellation process [2]. Group 2: Market Reaction - Following the announcement of the legal action, Dave's shares opened at $84.00 on December 31, 2024, reflecting a decline of over 10% from the previous day [3].