Last Updated
Case Status
Pending
FEDERAL TRADE COMMISSION, Plaintiff, v. CLEO AI, INC., a corporation; Defendant.
Federal Court
Southern District of New York
Case Summary
Online cash advance company Cleo AI has agreed to pay $17 million to settle the Federal Trade Commission’s allegations that the company deceived consumers about how much money they could get and how fast that money could be available. The complaint, filed in federal district court along with the proposed settlement order, also alleges that Cleo made it difficult for consumers to cancel Cleo’s subscription service.