FTC refunds over $15.8 million to customers of cash advance app Cleo AI
Why it matters
The FTC is returning $15.8M to Cleo AI customers, so vague advance claims and hard-to-cancel subscriptions carry a real cost.
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What happened
The FTC is distributing over $15.8 million in refunds to customers of cash advance app Cleo AI. The agency charged that the company misrepresented how much money users could get and how fast, and made subscriptions difficult to end.
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Impact on Fintech & payments · Finance & banking
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Read the original at US Federal Trade Commission
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