Progress Residential Settles FTC Claims for $49.8M

Largest US Single-Family Landlord Settles FTC Lawsuit Over Alleged Deceptive Pricing

A view of signage at the Federal Trade Commission (FTC) headquarters in Washington on Nov. 24, 2024. (Reuters/Benoit Tessier/File Photo/File Photo)

Progress Residential settles FTC claims for $49.8M

Progress Residential will pay $49.8M to settle claims over rental fees, deposits and property conditions amid more scrutiny of SFR operators.

Progress Residential and Pretium Partners agree to pay $49.75m over rental pricing charges

The FTC and four US states have settled deceptive rental pricing charges with Progress Residential and Pretium Partners for $49.75m, the largest landlord case in FTC history.

Progress Residential, Pretium in $49.75M FTC Deal

Progress Residential and Pretium agree to a proposed $49.75 million FTC settlement over rental fees and deposits. The companies deny wrongdoing.