EL7.AI
GeneralMedium•10 November 2026•
1 min read

Progress Residential Settles FTC Lawsuit for $49.75 Million Over Deceptive Pricing

Key Facts

1Progress Residential and owner Pretium Partners agreed to pay $49.75 million to settle charges of deceiving customers about rental prices.
2The FTC alleged the company charged hidden and unlawful fees across more than 90,000 managed homes.

Progress Residential and its owner Pretium Partners agreed to pay $49.75 million to settle charges of deceiving customers about rental prices. ZeroHedge reported that the settlement addresses a lawsuit filed by the Federal Trade Commission (FTC) and four states, alleging the company provided misleading information regarding the true costs of housing.

The FTC alleged the company charged hidden and unlawful monthly fees that renters often did not discover until after signing leases, affecting more than 90,000 managed homes. This regulatory action highlights increased risks in the rental market, coinciding with US Consumer Price Index data from November 10, 2026, which reached 337.511 points.

The MBA 30-Year Mortgage Rate is scheduled for release on November 11, 2026, followed by Existing Home Sales on November 12, 2026, providing further insight into the state of the US housing sector and financing costs.