Invitation Homes Has Agreed To A Proposed Settlement Order That Would Require The Company To Turn Over $48M To Be Used To Refund Consumers Harmed By Its Actions
Portfolio Pulse from Benzinga Newsdesk
Invitation Homes has agreed to a proposed settlement order with the FTC, requiring the company to pay $48 million to refund consumers harmed by its actions. The settlement addresses allegations of deceiving renters, charging junk fees, and withholding security deposits.
September 24, 2024 | 3:45 pm
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Invitation Homes is required to pay $48 million as part of a settlement with the FTC over allegations of deceptive practices, including charging junk fees and withholding security deposits.
The settlement with the FTC involves a significant financial penalty of $48 million, which could impact Invitation Homes' financials and investor sentiment negatively in the short term. The allegations of deceptive practices may also affect the company's reputation.
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