Corpay Agrees To Settle FTC Matter, To Pay $100 Million Under Proposed Settlement
CPAY•FTC settlement terms and company impact
Sept. 18 (Reuters) - Corpay, Inc. CPAY.N:
- Corpay agrees to settle FTC matter
- Corpay will pay $100 million to the FTC under a proposed settlement
- CEO Ron Clark is not subject to a financial payment in the settlement
- The settlement resolves the FTC matter without admission of wrongdoing
- Corpay, Inc. does not expect the proposed settlement to have a material impact on its ongoing operations or financial results
