FTC Settles Allegations of Deceptive Rental Pricing in Arizona
What happened
The Federal Trade Commission claimed that Arizona-based Progress Residential and its owner, Premium Partners, engaged in deceptive pricing practices. The companies agreed to pay $50 million to settle the allegations, which included false rental prices, hidden fees, and improper security deposit deductions. The case was brought by other states.
From ajc.com
Why it matters
The settlement addresses widespread deceptive practices within the rental housing market. These practices, which include restricting negative reviews and failing to inspect homes before move-ins, relate directly to housing costs and consumer protection in Arizona.
From ajc.com
Who's involved
- Federal Trade CommissionFederal Trade Commission, which brought the allegations of deceptive pricing.
- ArizonaArizona, where the company Progress Residential is based.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ArizonaSpeculative
Consumers in Arizona might see changes in rental costs or housing market stability due to regulatory enforcement.
Keep exploring
The entities involved
-
Federal Trade Commission
United States federal government agency
-
Arizona
state of the United States of America
Related events
- The Federal Trade Commission alleged that Dollar General overcharged consumers in a recent investigation.
- Ruling on unfair or deceptive fees for travel booking.
- A report tracks the Federal Trade Commission's failure to enforce antitrust laws.
- The Federal Trade Commission issued an action to protect consumers from scams in Fairfax County.
- Valley serves as a clearinghouse for scam information, involving the Federal Trade Commission.