Did you know Cleo AI to Pay $17M to Settle FTC Deception Charges?
Cleo AI has agreed to pay $17 million to settle charges by the U.S. Federal Trade Commission (FTC) that it deceived consumers. The FTC accused Cleo, a cash advance company, of misleading customers about the amounts they could receive and the speed of delivery. Cleo had advertised advances of up to $250 and $500, but most customers received far less, with some getting only $20. Additionally, the company promised "instant" or "same-day" advances but often delayed them. Cleo also made canceling subscriptions difficult and continued charging monthly fees despite customers’ cancellation requests. The settlement requires Cleo to improve its disclosures, simplify subscription cancellations, and refund the $17 million to affected consumers. While Cleo denies wrongdoing, the company agreed to the settlement to focus on its goal of improving the financial lives of Americans.
http://believemeachieve.com
Greetings! I'm John C. Morley, a seasoned serial entrepreneur, engineer, marketing specialist, and a nationally recognized talk show host on both the internet and AM/FM radio. My journey through the realms of business and self-improvement has been nothing short of remarkable, and I am driven by my passion for motivating others to become the best versions of themselves.
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