STATEWIDE — The largest single-family rental home manager in the United States has agreed to pay over $48 million to settle allegations of deceptive practices brought by the Federal Trade Commission (FTC) and four states, including Indiana.
On Monday, Indiana Attorney General Todd Rokita announced a landmark $48.5 million settlement with Progress Residential LLC and its parent company Pretium Partners LLC. The FTC accused the companies of engaging in deceptive and unfair practices affecting renters, such as hidden fees, bad security deposit practices, and poor property maintenance…