America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices [Yahoo! Finance]
Invitation Homes Inc. (INVH)
Last invitation homes inc. earnings: 2/18 04:15 pm
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Source: Yahoo! Finance
Inc (NYSE: INVH ), the largest U.S. landlord of single-family homes, for engaging in unfair and deceptive practices against renters. These include misleading tenants about lease costs, charging hidden fees, neglecting home inspections, and withholding security deposits unfairly. The company has agreed to a $48 million settlement, which will be used to refund affected consumers. According to FTC Chair Lina Khan , Invitation Homes exploited tenants with various deceptive tactics, from hidden fees and unjustified security deposit withholdings to misleading eviction policies during the pandemic. The FTC's complaint highlighted several violations by Invitation Homes, including deceptive pricing practices. The company advertised rental prices without disclosing mandatory fees that totaled more than $1,700 per year. These fees were for services like smart home technology and utility management, which renters could not opt out of. Between 2021 and 2023, Invitation Homes charged rent
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News
- America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices [Yahoo! Finance]Yahoo! Finance
- Rental giant Invitation Homes must pay $48M to settle FTC complaint [Yahoo! Finance]Yahoo! Finance
- America's largest owner of single-family rental homes agrees to pay $48m to settle claims it saddled tenants with hidden fees [Fortune]Fortune
- NTSB engineer to testify before Coast Guard in Titan submersible disaster hearing [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why Invitation Homes Stock Sagged by Nearly 3% Today [Yahoo! Finance]Yahoo! Finance
INVH
Earnings
- 7/24/24 - Miss
INVH
Sec Filings
- 9/26/24 - Form 8-K
- 9/24/24 - Form 424B5
- 9/24/24 - Form 8-K
- INVH's page on the SEC website