FTC Reaches $48 Million Settlement with Largest Landlord Invitation Homes Over Deceptive Practices

Sep 24, 2024, 04:08 PM

The U.S. Federal Trade Commission (FTC) has reached a $48 million settlement with Invitation Homes, the largest landlord of single-family homes in the United States. Announced on Tuesday, the settlement addresses allegations that Invitation Homes engaged in deceptive business practices, including charging renters junk fees, withholding security deposits, and employing unfair eviction practices. The FTC's action aims to refund renters affected by these unlawful practices. This initiative marks a significant step in protecting renters from exploitative behaviors by large corporate landlords.