Reported 13 days ago
Invitation Homes, the largest U.S. owner of rental single-family homes, has agreed to pay $48 million to settle allegations by the Federal Trade Commission (FTC) that it imposed undisclosed fees and engaged in misleading business practices. The FTC's complaint accused the company of charging millions through deceptive advertising and unfair practices, including undisclosed mandatory fees and unjustified deductions from security deposits. The settlement requires Invitation Homes to improve fee disclosures and adjust eviction practices, aiming to refund affected customers.
Source: YAHOO