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Cleo AI to pay $17 million to settle US FTC charges it deceived consumers

Summary by Channel News Asia
NEW YORK : Cleo AI agreed to pay $17 million to settle U.S. Federal Trade Commission charges that the cash advance company deceived customers about how much money they could obtain and how fast it would be, the regulator said on Thursday.The lawsuit also alleged that Cleo made it hard for customers to can

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Cleo AI to pay $17 million to settle US FTC charges it deceived consumers

NEW YORK : Cleo AI agreed to pay $17 million to settle U.S. Federal Trade Commission charges that the cash advance company deceived customers about how much money they could obtain and how fast it would be, the regulator said on Thursday.The lawsuit also alleged that Cleo made it hard for customers to can

·Singapore
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Tech MonitorTech Monitor

Cleo AI settles US FTC lawsuit with $17m payout to consumers

Cleo AI, a British fintech which provides online cash advance services, has agreed to pay $17m to settle a lawsuit filed by the US FTC.

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PYMNTS.comPYMNTS.com

Cleo AI Settles $17 Million FTC ‘Fast Money’ Case

The Federal Trade Commission (FTC) has won a $17 million settlement against online cash advance company Cleo AI.

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Channel News Asia broke the news in Singapore on Thursday, March 27, 2025.
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