MoneyLion Cash Advance Investigation

You likely qualify if:

• You used MoneyLion to obtain a cash advance
• You used the cash advance for personal, family, and/or household purposes
• You paid fees for the advance (including instant transfer fees and/or subscription fees)

Fill out the free Claim Form and we’ll confirm.

You will not be responsible for any fees or costs unless we obtain compensation for you. If we are not successful, you owe nothing.

The Truth in Lending Act (“TILA”), 15 U.S.C. § 1601 et seq., is a federal law governing certain consumer credit transactions. The law and its associated regulations generally require clear disclosures of key terms—such as finance charges, the annual percentage rate, repayment schedule, and repayment terms—and may apply to short-term products like cash advances from MoneyLion.

MoneyLion charges some users fees to obtain cash advances, evaluates a user’s qualifications to receive a cash advance, and automatically repays cash advances through direct withdrawals from users’ bank accounts. Zimmerman Reed is investigating whether MoneyLion is providing credit under TILA and whether they are required to disclose these fees as an annual percentage rate (APR) and as a finance charge, among other required disclosures.

Proven TILA violations allow for statutory damages of $200, depending on the transaction type. However, we cannot guarantee any outcome in this case and you may receive nothing or substantially less than the statutory damages amount.

MoneyLion’s Terms of Service require that legal claims be resolved through individual arbitration rather than in court. Arbitration is a way to settle disputes outside of court, which means we will not be filing a traditional lawsuit. In arbitration, a neutral third party, called an arbitrator, determines how the legal claim should be resolved, much like a judge would do in court. It’s also possible that your claim may resolve before starting the arbitration process. We anticipate representing other people with similar claims at the same time.

Zimmerman Reed LLP represents consumers nationwide in complex litigation and arbitration. Our firm has recovered hundreds of millions of dollars on behalf of individuals harmed by deceptive financial practices.