Updated

The Federal Trade Commission and four states announced a proposed settlement of $49.75 million with Progress Residential and its owner Pretium Partners, the FTC said on November 6, 2026. The charges allege the companies misled consumers with deceptive rental pricing and other unlawful conduct. The proposed order requires the companies to advertise true rental prices, clearly disclose fees, and stop improperly withholding security deposits. Progress Residential is the nation's largest property manager of single-family rental homes.