Invitation Homes to Pay More Than $47M to Settle FTC Lawsuit Alleging it Deceived Consumers

The Federal Trade Commission said Wednesday that it will send a total of $47.2 million in refunds to hundreds of thousands of consumers who the agency alleges were deceived by Invitation Homes, the largest single-family home leasing company in the U.S.

Invitation Homes agreed to issue the refunds as part of a settlement with the FTC, which sued the Dallas-based company in 2024. Regulators alleged in the suit that Invitation Homes deceived consumers about leasing costs, charged undisclosed junk fees, failed to inspect homes before residents moved in and withheld tenants’ security deposits after they moved out.

Read more at CBS News