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Baltimore Sues Payday Lender Dave Over 'Usurious' Loans

By Dorothy Atkins ( January 30, 2026, 9:28 PM EST) -- The city of Baltimore sued Los Angeles-based lender Dave Inc. in state circuit court Friday, alleging that the financial technology company disguises high-interest payday loans as "overdraft services," while charging "astounding, usurious" annual percentage rates exceeding 2,500%, which is far above Maryland's 33% legal limit....

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