A company that sells fuel cards to businesses and its chief executive have agreed to pay $100 million to resolve allegations that customers were charged hidden fees, according to the U.S. Federal Trade Commission (FTC).
FleetCor, now known as Corpay, was subject to an FTC complaint in 2019, and its CEO, Ronald Clarke, marketed the “Fuelman” card as a way for businesses to save money on fuel, the commission said. But instead, the company, based in Atlanta, charged hundreds of millions of dollars in unauthorized, undisclosed fees to tens of thousands of customers, mostly small businesses, a violation of the FTC Act, the commission alleged in the complaint, filed in U.S. District Court for the Northern District of Georgia.
