FTC Sending $15,800,000 to 2,100,000+ Americans Allegedly Misled by Cash Advance App Cleo AI – Here’s When Payments Arrive
Photo: The Daily Hodl
More than 2.1 million Americans are about to get refunds after federal regulators accused a cash advance app of misleading them about how much money they could borrow and how fast it would show up. Customers of Cleo AI who paid for eligible instant cash advances will share more than $15.8 million, says the Federal Trade Commission (FTC). The agency’s March 2025 complaint alleged that Cleo AI advertised access to “hundreds of dollars” in advances, but almost no one got anything close to that amount.
Source: The Daily Hodl
