On March 27, 2025, the FTC announced that an online cash advance company had agreed to pay $17 million to resolve allegations that it deceived consumers regarding the amount of money they could receive and the speed at which they would receive it.
The complaint alleges the company, despite advertising that consumers could receive access to hundreds of dollars in advances on a same-day basis, that no consumer received even close to the advertised amounts and a fee was required to receive same-day advances. Additionally, the FTC alleged that even when the fee was paid, consumers sometimes still had to wait until the next day to receive the advance. Finally, the FTC alleged that the company made it difficult to cancel subscriptions; consumers were allegedly charged a monthly fee until all outstanding cash advances were paid.
In addition to agreeing to pay $17 million to resolve these allegations, the company has agreed to disclose the terms of the subscription and any fees required before consumers enroll.