Gallego Applauds FTC For Answering His Calls, Taking Action Against Predatory Rental Practices
FTC action follows multiple letters from Rep. Gallego urging action on predatory, anticompetitive rental practices
WASHINGTON – Today, the Federal Trade Commission (FTC) announced it is taking action against Invitation Homes, which owns nearly 9,000 homes in Arizona, for an array of unlawful actions against consumers. The action follows multiple letters Rep. Gallego has sent urging the Commission to take action on predatory, anticompetitive rental practices.
“From charging undisclosed junk fees to failing to provide basic maintenance, Invitation Homes has been swindling Arizonans for years,” said Rep. Gallego. “I’m glad to see the FTC is answering my calls and cracking down on these kinds of predatory, anti-competitive practices that harm Arizona families and legitimate businesses. Arizonans deserve affordable housing with honest landlords, and that’s what I’ll keep fighting for.”
Invitation Homes has agreed to a proposed settlement order that would require the company to turn over $48 million to be used to refund consumers harmed by its actions. The corporate landlord will also be required to clearly disclose its leasing prices, establish policies and procedures to handle security deposit refunds fairly, and stop other unlawful behavior.
You can learn more about Rep. Gallego’s work to make Arizona more affordable in his reporters Cutting Costs for Arizonan