Progress Residential and Pretium agree to proposed $49.75 million rental settlement
The FTC and four states filed a complaint and proposed settlement with Progress Residential and owner Pretium Partners over alleged rental pricing and other practices. The November 6 announcement says the proposed agreement includes $49.75 million in payments and would require clearer monthly pricing. The order takes legal effect if a district judge approves and signs it.
- Why it matters
- The proposed $49.75 million settlement would require Progress to advertise a total monthly price that includes all mandatory recurring fees, and to itemize security-deposit deductions.
- What to watch
- The order has legal effect only when a district judge in the Northern District of Georgia approves and signs it; a public docket entry would show whether that has happened.
The limit. The complaint's claims are allegations. The announcement does not say who will receive payments or how to apply; the complaint and proposed order were not independently read.
How this record was read
Read November 8 Arizona time, fetched directly from the Federal Trade Commission: its announcement of the complaint and proposed order. Limits: the complaint and proposed order were not independently read; the release does not establish court approval or individual eligibility for redress.
