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Lumosity Plans To Pay $2 Million For False Advertising

Published January 6, 2016 at 1:33 PM EST
The Lumosity interface is pictured in this image from lumosity.com.
The Lumosity interface is pictured in this image from lumosity.com.

Lumosity, the company behind a number of brain training games, will pay $2 million to settle federal allegations that it deceived customers with false advertising, promising that playing Lumosity games could boost their performance at work and even delay dementia.

Guest

  • Jill Schlesinger, business analyst with CBS News and host of "Jill on Money." She tweets @jillonmoney.

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