Progress Residential and Pretium Partners to pay $49.75 million over deceptive rental practices
POLICYFederal Trade Commissionredteam/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
The Federal Trade Commission and four US states said Progress Residential, a large company that rents out single-family homes, and its owner Pretium Partners misled renters. The companies allegedly advertised false prices, added hidden fees and kept parts of security deposits unfairly. They have agreed to pay $49.75 million and change how they operate.
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Who reported · 1 outlet
FTC Consumer Protection