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Cleo AI Refunds: 2.1 Million Customers to Receive a Share of the $15.8M Payout

Refunds average about $7 each as the agency says Cleo overstated advance amounts and delivery speed.

Summary by IBTimes UK
The FTC has begun sending $15.8M in Cleo AI refunds to 2.1M eligible US customers via PayPal. Find out who qualifies and when payments arrive.

4 Articles

The U.S. Federal Trade Commission (FTC) announced last week that it will issue refunds totaling more than $15.8 million to users who paid for Cleo AI's (hereinafter referred to as Cleo) "instant cash advance" service. The FTC will begin sending the funds to 2,124,796 eligible users via PayPal starting October 27.

·New York, United States
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The U.S. Federal Trade Commission has announced that millions of users will receive refunds as part of its ongoing investigation into the cash advance app Cleo AI. Details regarding the start date of the $15.8 million refund program and who is eligible have been released.

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IBTimes UK broke the news in United Kingdom on Monday, October 12, 2026.
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