Corpay to Pay $100 Million to Settle FTC Allegations of Hidden Fees

By Elias Schisgall

Corpay will pay $100 million to the Federal Trade Commission to resolve allegations that it charged customers hundreds of millions of dollars in undisclosed fees in its U.S. Vehicle Payments business.

The allegations date back to an FTC lawsuit in 2019 alleging that the foreign-exchange and global-payments company, then known as FleetCor Technologies, and its chief executive charged undisclosed fees on fuel cards and late fees for customers who paid on time or were prevented by the company from paying on time, the agency said on Thursday.

"In addition to the relief the FTC has obtained in federal court, this order will help return money to the customers the company took advantage of," Christopher Mufarrige, director of the FTC's Bureau of Consumer Protection, said Thursday.

The company said on Friday that the settlement resolves the matter without an admission of wrongdoing, adding that CEO Ron Clarke is not subject to any financial payment.

Corpay said it has strengthened its customer communications, internal controls, and compliance oversight since the lawsuit, both before and after a 2023 court order granting summary judgment for the FTC.

"We are pleased to resolve this matter and move forward," Clarke said. "Corpay is committed to transparent customer disclosures, consent-based practices, and strong compliance controls across our U.S. Vehicle Payments business."

The company said the settlement is not expected to materially impact its operations or financial results.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

September 18, 2026 11:48 ET (15:48 GMT)