Albert is a mobile app that provides short-term cash advances. To use the service, consumers link their bank accounts and subscribe to Albert. The company promotes this feature as an easy way to get up to $1,000 quickly.
These advances are automatically repaid from the user’s bank account, unless the consumer chooses to repay earlier by selecting a different date. Albert also charges extra fees if consumers want to receive their advances more quickly.
Although Albert markets these transactions as simple “cash advances” on a paycheck, this claim alleges that they actually function as a type of “earned wage access” loan. The claim further alleges that Albert failed to give consumers the proper disclosures about the real costs of these advances, as required by law.
Labaton Keller Sucharow LLP and Berger Montague P.C. are representing clients in individual consumer arbitration claims against Albert. If you have an Albert account and have received a cash advance, you may qualify for a claim under federal and state laws depending on your state of residence.


