Corpay to pay $100 million to settle FTC probe over marketing practices; shares fall
18/09/2026 17:18
BUZZ-Corpay to pay $100 million to settle FTC probe over marketing practices; shares fall ** Shares of business payments platform Corpay CPAY.N fall 1.4% to $398.70
** Co to pay $100 million to settle an FTC investigation into marketing and disclosure issues in its US Vehicle Payments business
** CEO Ron Clarke not subject to any financial payment as part of the settlement
** Proposed settlement to resolve the FTC matter without any admission of wrongdoing
** Settlement remains subject to final FTC approval
** 15 of 18 brokerages rate the stock "buy" or above, 3 "hold"; median PT at $455 — data compiled by LSEG
** Including session moves, stock has risen 32.73% YTD
(Reporting by Miraanta Lowrance in Bengaluru)
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