MoneyLion
MoneyLion Instacash Users: Hidden Fees Probe Could Mean Up to $400
Attorneys are investigating whether MoneyLion failed to disclose mandatory monthly membership fees charged to Instacash paycheck-advance users. If you paid these fees, you may qualify to join a mass arbitration claim.
Key facts
- Claim deadline
- No deadline listed
- Potential payment
- Up to $400
- Proof listed
- May be required
- Status
- Open
Plain-language overview
Who may qualify?
Eligibility depends on the dates, products, locations, and other terms listed for this claim. Review any criteria below and the official terms before deciding whether it may apply to you.
- You used MoneyLion’s Instacash to receive one or more paycheck/cash advances and paid recurring monthly membership fees during that time — fees the claim alleges were undisclosed finance charges tied to the advances.
Case overview
What this settlement is about
MoneyLion's Instacash feature lets consumers request short-term cash advances through its app, typically repaying the amount once their paycheck arrives. According to the claim, MoneyLion charged users mandatory monthly membership fees to access these advances but did not clearly disclose those fees as part of the actual cost of borrowing — something federal law requires lenders to spell out before a consumer agrees to credit. Law firm Labaton Keller Sucharow is now investigating potential arbitration claims on behalf of consumers who used MoneyLion Instacash and were charged these recurring membership fees. The case remains in the investigation and intake stage: no arbitration rulings or settlements have been reached, but the firm is accepting new clients. Those who qualify may be contacted for further details and documentation about their MoneyLion Instacash account and membership history, since supporting proof will likely be needed to pursue a claim.
