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Stock impact report

FTC sends $47M in refunds to Invitation Homes renters [Yahoo! Finance]

Invitation Homes Inc. (INVH) 
Last invitation homes inc. earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: invitationhomes.com/about-us
Company Research Source: Yahoo! Finance
The payments stem from a 2024 FTC lawsuit accusing the company of misleading renters about true lease costs, adding mandatory hidden fees, failing to inspect homes before move-in, and improperly withholding security deposits for normal wear-and-tear or pre-existing damage. PERVIOUS COVERAGE: Corporations that buy starter homes make it harder for first-time buyers, analysts say As part of a settlement, Invitation Homes agreed to turn over $48 million for consumer compensation and to reform its leasing and deposit-handling practices. Refunds are being sent to 444,131 eligible consumers who paid at least $45 in covered fees between January 2021 and September 2024, unless they already received a refund directly from the company. Checks must be cashed within 90 days. Consumers with questions can contact the refund administrator, Rust Consulting, at 800-804-6915 or info@InvitationHomesRefund.com The FTC reminds the public that it never requires payment or personal banking informa Show less Read more
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