Brigit to Pay $18 Million for Deceptive Cash Transfer Terms

Financial technology company Brigit will pay $18 million to settle claims that it deceived consumers about instant $250 cash advances and locked them into monthly charges they couldn’t cancel, the Federal Trade Commission said.

The FTC’s consumer protection unit alleged that Brigit, the operating unit of Bridge It Inc., advertised that customers could access the cash advances without any transaction fees and cancel the service at any time. But those cash advances were available only if a customer signed up for a $9.99 monthly “Brigit Plus” subscription they couldn’t cancel and paid a 99-cent charge for “express delivery” of the ...