Tag Archives: Federal Trade Commission

Democrats reintroduce bill to expose rental algorithms

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Minnesota Senator Amy Klobuchar has reintroduced the Preventing Algorithmic Collusion Act, inspired by the Department of Justice’s RealPage investigation. Continue reading →

Treasury Secretary Scott Bessent to temporarily lead CFPB

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President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director. Continue reading →

Trump’s AG pick promises to pursue antitrust enforcement

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Bondi affirmed that the enforcement of antitrust laws would be a “priority” for her as Attorney General, which suggests that the real estate industry should be prepared for investigations into its practices to continue in full force. Continue reading →

FTC warns of massive spoofing op impersonating mortgage lenders

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“Green Mirage” phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower’s actual mortgage lender and tricking victims into making payments to U.S.-based “mules.” Continue reading →

Invitation Homes to pay $48M to settle tenant ‘junk fee’ claims

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The FTC alleges the company advertised monthly rental rates that did not include mandatory “hidden” fees that could add up to more than $1,700 per year. Continue reading →

Nexthome CEO: Make buyers’ agent agreements a priority

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James Dwiggins argued at Inman Connect New York that commission lawsuits and pressure from the feds is going to bring about change in the real estate industry. Continue reading →

Real estate coaches who preyed on Spanish speakers banned by FTC

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The Federal Trade Commission has ordered Ganadores Real Estate to refund consumers after making false real estate coaching and mentoring promises. The group charged $28,000 per student and promised six-figure returns. Continue reading →

Antitrust regulators sign off on ICE’s deal to acquire Black Knight

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In addition to selling Empower and Optimal Blue, the FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system. Continue reading →

The commission suits are headed to court. What happens after that?

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At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference. Continue reading →