Corpay agrees to pay USD 100 million to settle FTC probe into U.S. vehicle payments marketing practices
CPAY•FTC settlement terms
Corpay reached a proposed settlement with the FTC over marketing and disclosure practices in its U.S. Vehicle Payments business.
Terms include a USD 100 million payment to the FTC, with no admission of wrongdoing.
A June 8, 2023 federal court order in the matter remains in effect.
Final FTC approval remains pending following a public comment period.
Corpay expects no material impact on ongoing operations or financial results.
