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

Invitation Homes

24/09/2024 16:39

Sept 24 (Reuters) - The U.S. Federal Trade Commission on
Tuesday said Invitation Homes  INVH.N , 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.
    

 (Reporting by Costas Pitas and Ismail Shakil)
 ((Costas.Pitas@thomsonreuters.com; Reuters Messaging: @Cpitas
on X))