Corpay IncCPAY
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Digital Finance & Tokenization
Corpay IncFleetCor and CEO Ronald Clarke to pay $100 million over hidden fuel-card fees
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FleetCor and its CEO Ronald Clarke have agreed to pay $100 million to resolve Federal Trade Commission litigation over hidden charges on commercial fuel cards. The settlement follows years of court action and covers harm to tens of thousands of small-business customers who sought lower operating costs. Regulators accused FleetCor, which now operates as Corpay, of imposing unauthorized fees totaling hundreds of millions of dollars, including improper late penalties and misleading claims about gas savings, fraud controls and card-related expenses, according to a 2019 complaint. In 2023 a federal district court granted summary judgment to the FTC on every count, and during 2026 a federal appeals court upheld every judgment against FleetCor and affirmed its permanent injunction, while vacating restrictions concerning Clarke. Under the proposed consent terms, both respondents agreed not to oppose renewed limits covering that executive, and FTC commissioners accepted the package by a 1-0-1 vote, with Chairman Andrew N. Ferguson recusing himself. Officials plan Federal Register publication before opening a 30-day public comment period, after which commissioners will decide whether to finalize the order; future violations could trigger civil penalties reaching $53,088 each.
Corpay Inc