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The Federal Trade Commission announced it is sending $15.8 million in restitution to consumers harmed by cash advance app company Cleo AI's deceptive marketing and hard-to-cancel subscription practices. The company falsely represented the amounts and timing of available cash advances, trapping consumers in recurring charges they could not easily escape, the FTC alleged.

1 outlet · 1 article · first seen Oct 16, 6:39 AM ET

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