The Federal Trade Commission has reached a significant administrative settlement with FleetCor Technologies, Inc. (now Corpay, Inc.) and its CEO, requiring a $100 million payment. This settlement addresses findings that the company imposed unauthorized and hidden fees on commercial fuel-card services, violating federal regulations. The resolution a...
The Federal Trade Commission (FTC) announced a proposed consent agreement with FleetCor Technologies, Inc., now known as Corpay, Inc., and its CEO. The agreement requires the company to pay $100 million in response to findings of charging unauthorized and hidden fees for commercial fuel-card services.
This action follows a federal court's determination that FleetCor violated regulations related to fee disclosures and customer billing practices. The FTC's settlement aims to provide redress to affected customers and enforce compliance with fair business standards.
The proposed consent agreement was published for public comment and is currently listed as an active matter by the FTC. This development highlights regulatory focus on transparency and accountability in commercial payment services.