US FTC reaches $48 million settlement with Invitation Homes over junk fees, costs-March 2024-www.financetom.com

US FTC reaches $48 million settlement with Invitation Homes over junk fees, costs

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US FTC reaches $48 million settlement with Invitation Homes over junk fees, costs

Sep 25, 2024 5:22 PM

Sept 24 (Reuters) - The U.S. Federal Trade Commission on

Tuesday said Invitation Homes ( INVH ), the largest landlord of

single-family homes in the United States, would pay more than

$48 million as part of a settlement order over deceiving renters

about lease costs and charging undisclosed junk fees.

The money will be used to refund consumers, the FTC said in

a statement.

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