Cleo AI: FTC settlement (Mar 2025)
The FTC settled with Cleo AI on March 27, 2025, according to the agency’s own announcement.
- Date
- Agency
- FTC
- Action
- Settlement
- Amounts (as stated)
- $17 million for consumer refunds
The FTC alleged cash-advance app Cleo misled consumers about how much money they could get and how fast, charged extra for same-day delivery, and made it hard to cancel subscriptions.
Money involved. $17 million for consumer refunds.
Questions
What did the FTC say Cleo AI did?
The FTC alleged cash-advance app Cleo misled consumers about how much money they could get and how fast, charged extra for same-day delivery, and made it hard to cancel subscriptions.
How much is Cleo AI paying?
$17 million for consumer refunds.
See every action in the fintech and crypto enforcement tracker.
- Company (as named)
- Cleo AI, Inc.
- Category
- Lending
- Agency announcement
- ftc.gov
- Order or complaint
- search.ftc.gov
- Sources
Source Link FTC announcement 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
Source: the agency’s own press release, litigation release, order or complaint, linked on each record. Charges are allegations; a company is not liable unless a court or agency finds it so.