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VOL. I·NO. 01
THURSDAY, OCTOBER 8, 2026
  1. 001FTCOCT · 08English

    FTC Returns More than $15.8 Million to Consumers Misled by Cash Advance App Company Cleo AI

    The FTC is returning over $15.8 million to more than 2.1 million consumers harmed by Cleo AI's deceptive cash advance app, which falsely advertised loan amounts and made cancellations difficult. The agency charged that Cleo misled users about available advance amounts, imposed hidden fees, and obstructed subscription cancellations. PayPal payments will begin October 27, 2026.