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.
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.