NASDAQ:DAVE 4 November 2025 - 14 January 2026

Dave Inc shares fell 12.5% to $185.35 in Wednesday afternoon trading after senators reintroduced the Credit Card Competition Act. The company collects interchange fees from its debit card business, now under renewed political scrutiny. Visa and Mastercard also dropped Tuesday as investors weighed possible changes to card fee structures.

Dave Inc (DAVE.O) shares fell 8.8% to $218.29 Monday after President Trump called for a 10% cap on credit card interest rates, sparking a selloff in credit-sensitive stocks. About 1.1 million Dave shares traded by mid-afternoon. The drop mirrored declines in other fintechs, including Upstart and Affirm. Dave also faces a Justice Department complaint alleging it misled users about fees, which the company disputes.