Why does Avant require a physical street address when I apply?

Why does Avant require a physical street address when I apply?

Federal law requires us to verify your identity when you apply for a credit card or loan. Part of this process is confirming a valid residential or business street address. In addition, products offered on the Avant platform are not available in every state. To ensure we’re complying with state licensing rules, we need to know the address where you reside or file your taxes.