MoneyLion: New York Attorney General lawsuit (Apr 2025)
The New York Attorney General sued MoneyLion on April 14, 2025, according to the agency’s own announcement.
- Date
- Agency
- NY AG
- Action
- Charges
The NY AG sued MoneyLion, alleging its paycheck advances are illegal high-interest payday loans with effective rates often above 500% and that it deceptively advertised them as fee-free and zero-interest.
Charges are allegations; the company has not been found liable unless a court or agency later rules so.
Questions
What did the New York Attorney General say MoneyLion did?
The NY AG sued MoneyLion, alleging its paycheck advances are illegal high-interest payday loans with effective rates often above 500% and that it deceptively advertised them as fee-free and zero-interest.
See every action in the fintech and crypto enforcement tracker.
- Company (as named)
- MoneyLion Inc.
- Category
- Lending
- Agency announcement
- ag.ny.gov
- Order or complaint
- ag.ny.gov
- Sources
Source Link New York Attorney General announcement https://ag.ny.gov/press-release/2025/attorney-general-james-sues-payday-lending-companies-exploiting-workers-illegal
Source: the agency’s own press release, litigation release, order or complaint, linked on each record. Charges are allegations; a company is not liable unless a court or agency finds it so.