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

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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 cancel its subscription service, the FTC said.

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Category: EconomyBusiness

Markets: Singapore

Topics: Photo: Commission Signage Experience Trade Cleo Seen File Mediacorp Customers Federal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 22:07:18 (6 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 134 words

Reading Time: 1 minutes read

Sentences: 16 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27370418

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

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News Last Updated: 53 minutes ago

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