FTC: Cleo AI, cash advance claims consumer protection case
US Federal Trade Commission · decided Mar 27, 2025 · Settled
The FTC alleged the AI budgeting app misled consumers about how much cash advance money they could get and how fast, and made cancellation difficult.
The case
- Against
- Cleo AI, Inc.
- Regulator
- US Federal Trade Commission
- Decided
- Mar 27, 2025
- Status
- Settled
- Outcome
- Cleo AI agreed to pay USD 17 million.
- Amount
- $17 million
History
1 dated entry| Date | Entry | ||
|---|---|---|---|
| Mar 27, 2025 | Decision: FTC: Cleo AI, cash advance claims | Decision | Link |
Related cases
Caption and links
Federal Trade Commission v. Cleo AI, Inc.