News & Analysis as of

Rental Property Federal Trade Commission (FTC)

Arnall Golden Gregory LLP

FTC Cracks Down on Deceptive Residential Lease Pricing Advertising

On January 16, 2025, The Federal Trade Commission (“FTC”) and State of Colorado filed a complaint against Greystar, the largest multifamily rental property manager in the U.S., for allegedly misleading consumers about rent...more

Morrison & Foerster LLP

Information Sharing, Pricing Algorithms, and Antitrust Liability: Where Is the Line?

Morrison & Foerster LLP on

Antitrust enforcers and private plaintiffs over the past few years have pursued increasingly aggressive theories of liability based on information exchange and the use of algorithmic pricing and revenue management software....more

Hudson Cook, LLP

Federal Consumer Protection Laws In Rental Property Management

Hudson Cook, LLP on

The Federal Trade Commission (FTC) announced a groundbreaking settlement with Invitation Homes, a large single-family rental home owner/operator, on September 24. ...more

Ballard Spahr LLP

Court approves FTC agreement with Invitation Homes; company to pay $48 million, address “junk fee” practices, stop certain other...

Ballard Spahr LLP on

Invitation Homes, the nation’s largest landlord of single-family homes, has agreed to pay $48 million and to stop a significant number of its rental practices, including misleading renters about lease costs and charging...more

Cozen O'Connor

Home Rental Company to Pay $48 Million Over Alleged Deceptive Practices

Cozen O'Connor on

The FTC settled with Invitation Homes Inc. to resolve allegations that its home rental service practices violated the FTC Act and the Gramm-Leach-Bliley Act (GLB Act). ...more

Goodwin

Five Steps Hotel Owners, Operators, and Management Companies Can Take to Mitigate Risk in the Face of Heightened Antitrust...

Goodwin on

Revenue-management tools are ubiquitous across sectors, but many hotel owners, operators, and management companies use such tools on a daily basis. As these products have improved, many have incorporated algorithms enabling...more

Kerr Russell

Price Collusion in the Crosshairs

Kerr Russell on

There has been a spate of legislation and lawsuits targeting the use of software that gives visibility to competitors’ prices. This allows firms to adjust their prices, either undercutting the competition or setting a de...more

Holland & Knight LLP

DOJ "Triples Down" on View that Use of Pricing Algorithms Can Support Price-Fixing Claims

Holland & Knight LLP on

The Antitrust Division of the U.S. Department of Justice (DOJ) on March 28, 2024, weighed in for the third time in recent months in support of plaintiffs in class action lawsuits challenging the defendants' use of software to...more

Ballard Spahr LLP

CFPB issues two new FCRA advisory opinions on background screening reports and disclosure of credit files to consumers

Ballard Spahr LLP on

On January 11, 2024, the Consumer Financial Protection Bureau (CFPB) issued two new advisory opinions: Fair Credit Reporting; Background Screening and Fair Credit Reporting; File Disclosure. The advisory opinions are part of...more

Ballard Spahr LLP

DC/Maryland Multifamily Alert

Ballard Spahr LLP on

Happy Holidays to all. We are still hopeful that Santa brings everyone some relief from rent control and other multifamily restrictions (we heard that the new BEPS Regulations preclude Santa from leaving coal for legislators...more

Ballard Spahr LLP

Multifamily Update: Rent Control Coalition Analysis, ROFR Proposals, and Algorithmic Pricing

Ballard Spahr LLP on

Our most recent Alert included details and updates on rent control, proposed FTC regulation of rental housing junk fees, security camera mandates, and new ROFR proposals. Here is a link to the November 15 Alert. Below are...more

Ballard Spahr LLP

Rent Control, Junk Fee, and ROFR Update

Ballard Spahr LLP on

Our most recent Client Alert provided updates on our Rent Control Coalition, the new Howard County and Montgomery County ROFR and Rent Control legislation, new FTC Junk Fee proposals, and several other important matters...more

Troutman Pepper Locke

Trans Union Settles for $15 million with CFPB and FTC Over Tenant Screening Reports

Troutman Pepper Locke on

A new enforcement action provides more detail on the expectations of the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) (collectively, the agencies) for the content of tenant screening reports....more

Hudson Cook, LLP

FTC Snares Deceptive Apartment Reviews, Issues New Marketing Guides and Proposed Rule

Hudson Cook, LLP on

The Federal Trade Commission and six state attorneys general on August 28 resolved an enforcement matter against apartment listing platform Roomster over fake reviews and listings. Brought under Section 5 of the FTC Act and...more

Ballard Spahr LLP

FTC recommends use of written adverse action notices by housing providers

Ballard Spahr LLP on

A new FTC blog post titled “Tenant background check reports: Put it in writing” reminds landlords, property managers, and other housing providers of their obligation under the Fair Credit Reporting Act to provide notice of...more

Allen Matkins

PropTech Update - 5.08.23 #1

Allen Matkins on

Venture capital investment in PropTech continued its downward trend as the dollar volume of funding dropped 77% annually in the first quarter of 2023. At the same time, the number of investment deals appears to be holding...more

Saul Ewing LLP

FTC and CFPB Investigating Background Screening Issues Affecting Rental Housing Tenants

Saul Ewing LLP on

On February 28, 2023, the Federal Trade Commission (“FTC”) and Consumer Financial Protection Bureau (“CFPB”) issued a Request for Information (“RFI”) seeking public comment on background screening issues affecting rental...more

Ballard Spahr LLP

Prince George’s County to Cap Rent Increases, CFPB Looks at Tenant Screening

Ballard Spahr LLP on

Summary - The Prince George’s County Council recently approved the Rent Stabilization Act of 2023 (Act), which limits residential rent increases to 3 percent for the next year. Separately, the Consumer Financial Protection...more

Ballard Spahr LLP

CFPB and FTC issue request for information on background screening in connection with rental housing

Ballard Spahr LLP on

The Consumer Financial Protection Bureau and Federal Trade Commission issued a request for information (RFI) yesterday seeking comment on “background screening issues affecting individuals who seek rental housing in the...more

Troutman Pepper Locke

The CFPB and FTC Continue to Focus on Tenant Screening

Troutman Pepper Locke on

On February 28, the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) jointly issued a Request for Information, seeking public comment on how background screening affects individuals seeking...more

Troutman Pepper Locke

TransUnion In “Active Settlement Discussions” with CFPB and FTC Over Tenant Screening

Troutman Pepper Locke on

On February 14, TransUnion filed its annual 10-K report pursuant to the Securities and Exchange Act. Under the section entitled “Risks Related to Laws, Regulations and Government Oversight,” the company disclosed that it was...more

Ballard Spahr LLP

White House issues Blueprint for Renters Bill of Rights: Will the CFPB and FTC stay in their lanes?

Ballard Spahr LLP on

Last week, the Biden Administration released a “Blueprint for a Renters Bill of Rights” (Blueprint), which sets forth five principles intended to “create a shared baseline for fairness for renters in the housing market” and...more

Foster Garvey PC

Online Travel Update: Google Updates Upcoming

Foster Garvey PC on

Our weekly Online Travel Update for the week ending Sunday, January 27, is below. This week’s Update provides updates on both DOT’s and FTC’s recent rulemaking efforts around “hidden” industry fees. Enjoy....more

McGuireWoods LLP

DOJ Considers Updated Guidance on Information-Sharing, as Part of Renters Bill of Rights

McGuireWoods LLP on

On Jan. 25, 2023, the White House announced President Joe Biden’s Blueprint for a Renters Bill of Rights and several related initiatives “to increase fairness in the rental market and further principles of fair housing.” The...more

Allen Matkins

PropTech Update - September 2022

Allen Matkins on

FTC lawsuit: Roommate-finding app Roomster bought fake reviews and featured scam listings Bullet CBS News – August 30 California, the Federal Trade Commission, and five other states filed a lawsuit on August 30 against the...more

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