“If Earnin limits what people can borrow she said if they don’t pay enough in tips, there is a strong argument that the tips are a finance charge.
A prepaid debit card company co-founded by hip-hop mogul Russell Simmons, which charged users $9.95 a month to hold their cash and $2.50 for ATM withdrawals before Earnin, Palaniappan was president of RushCard.
Although their LinkedIn profile indicates he had been president of UniRush — RushCard’s parent business — from 2004 to 2012, he just rose to this known degree around 2011, in accordance with a business rep.
Touting the necessity for solutions like Earnin, Palaniappan — who’s got formerly likened Earnin to a “Jedi bringing balance to your universe” — pointed to a verse through the Old Testament guide of Deuteronomy. Continue Reading