FTC Release: Cash Advance Company Cleo AI Agrees to Pay $17 Million As Result of FTC Lawsuit Charging It Deceives Consumers

Dow Jones

27 Mar

FTC complaint charges that Cleo misleads consumers about amounts and timing of available cash advances and obstructs efforts to cancel subscriptions

Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission's allegations that the company deceived consumers about how much money they could get and how fast that money could be available.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/03/cash-advance-company-cleo-ai-agrees-pay-17-million-result-ftc-lawsuit-charging-it-deceives-consumers

(END) Dow Jones Newswires

March 27, 2025 09:50 ET (13:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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