<ul><li>Cleo AI, an online cash advance company, has agreed to a $17 million settlement with the Federal Trade Commission (FTC).</li><li>Cleo AI promised consumers fast cash payments but limited the cash advances below the advertised amounts and took several days to process them.</li><li>Consumers faced difficulties in canceling subscriptions and stopping recurring fees with Cleo AI.</li><li>The settlement serves as a reminder for companies to avoid making misrepresentations and for consumers to be cautious of too-good-to-be-true offers and sharing payment information.</li></ul>

Cleo AI Agrees to $17 Million Settlement with FTC

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