Personal Finance App Brigit to Settle FTC Deceptive Marketing Claims for $18 Million

Brigit has agreed to provide $18 million in customer refunds to the Federal Trade Commission (FTC) to end claims the personal finance app provider made deceptive promises about its cash advances, charged hidden fees and made it hard to cancel memberships. 

The FTC claimed Brigit deceptively promised consumers living paycheck-to-paycheck that they could instantly get a cash advance of up to $250, when, in reality, the fintech firm allegedly was locking them into a $9.99 per month membership they were unable to get out of. 

“Brigit trapped those consumers least able to afford it into monthly membership plans they struggled to escape from,” said Sam Levine, Director of the FTC’s Bureau of Consumer Protection, in a statement. 

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