---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-287056"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T21:59:10.179932+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dave Inc. Announces DOJ Amended Complaint in FTC Lawsuit and New Fee Structure for ExtraCash

## Summary
- DOJ filed amended civil complaint on Dec 30, 2024, adding civil money penalties claim and naming CEO Jason Wilk as defendant.
- Dave believes the lawsuit is government overreach and intends to vigorously defend itself in court.
- Company eliminated optional tips and express fees for its ExtraCash product; new mandatory fee structure effective for new members since Dec 4, 2024.
- Full implementation of new fee structure expected in early 2025; company outlook remains positive with Q4 2024 earnings call in March.

## SEC filing metadata
- accession: 0001193125-24-287056
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312524287056/0001193125-24-287056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312524287056/d888866d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-287056
- JSON: https://secwatch.observer/filing/0001193125-24-287056.json
- Plain text: https://secwatch.observer/filing/0001193125-24-287056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.