Attorney General Phil Weiser, FTC announce $24M settlement with Greystar for misleading renters about costs, saddling tenants with hidden fees

The Colorado Attorney General's office and the Federal Trade Commission reached a $24 million settlement with Greystar Management L.P. over allegations that the company engaged in deceptive rental practices. According to the announcement, Greystar misled renters regarding the true cost of housing and saddled tenants with undisclosed or hidden fees during the rental process. The settlement resolves violations of consumer protection laws related to transparency in rental transactions. This action reflects coordinated state and federal enforcement against practices that harm renters in the residential housing market.

This is a curated brief from the PlaintiffWire news desk. Read the original report at Colorado Attorney General (.gov).