Progress Residential and Pretium Partners to pay $49.75 million over deceptive rental practices
- Severity
- Low
- Sources
- 1
What happened
The FTC and the states of Arizona, Colorado, Indiana and Utah settled with Progress Residential and Pretium Partners for $49.75 million, described as the largest FTC enforcement action against a landlord. The complaint covers undisclosed mandatory recurring fees, false move-in-ready and inspection claims, deposit deductions for normal wear and tear and pre-existing conditions, missed itemised statements, and standardised nondisparagement clauses in consumer contracts. The order requires total monthly price disclosure, a deposit refund process with documentation, and bans on the listed practices. No CVEs or technical indicators are involved, so no technical defence applies.
For security analysts · Written by AI from 1 source · Wrong?
What to do
- No action needed.
Written by AI from the sources, checked against them