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Cleo AI Must Face Military Lending Suit Over Cash Advances

By Gina Kim ( September 8, 2025, 11:25 PM EDT) -- Cleo AI must face an Army staff sergeant's proposed class action alleging it employs predatory lending practices through its cash advances that exceed the Military Lending Act's annual percentage rate cap on consumer credit, after a Washington federal judge said Monday the advances constitute as "credit" under the statute. ...

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