America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices
Portfolio Pulse from Vandana Singh
Invitation Homes Inc, the largest U.S. landlord of single-family homes, faces FTC fines for alleged unfair and deceptive practices against renters. The company has agreed to a $48 million settlement to refund affected consumers and must change its business practices.
September 25, 2024 | 10:53 am
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Invitation Homes Inc is facing a $48 million settlement with the FTC for alleged unfair and deceptive practices against renters. The company must change its business practices, including clearer rental pricing and fair security deposit policies.
The FTC's complaint and the $48 million settlement highlight significant legal and regulatory challenges for Invitation Homes. The requirement to change business practices and refund consumers could impact the company's financials and reputation, likely leading to short-term negative sentiment and potential stock price decline.
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