Minnesota Attorney General Keith Ellison sued Brigit, claiming the financial technology company has issued tens of thousands of small and short-term loans in violation of state law.
“Brigit’s Instant Cash advances are payday loans, rebranded and available at the click of a button,” the attorney general’s office said in a suit filed Wednesday in Minnesota’s Second Judicial District. “And Brigit has offered them for far too long without complying with the guardrails set up by the legislature to protect Minnesotans.”
The suit is part of a larger slew of cases questioning whether earned-wage access products—which allow customers to take out ...