Office of Public Affairs | RentGrow Inc. Agrees to $2.25M Civil Penalty and Injunction for Alleged Violations of Fair Credit Reporting Act and FTC Act

RentGrow Inc. has reached a settlement involving a $2.25 million civil penalty and an injunction following allegations of violating the Fair Credit Reporting Act (FCRA) and the Federal Trade Commission (FTC) Act. The company, which provides rental screening services, was accused of failing to adhere to required guidelines in handling consumer credit information. This settlement aims to enforce compliance with legal standards that protect consumer rights and ensure transparency in credit reporting practices. As part of the agreement, RentGrow will enhance its procedures to align with federal regulations, safeguarding against future violations. This action reflects the commitment of regulatory bodies to uphold consumer protections and ensure accountability in the industry.

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Read the complete article here: https://www.justice.gov/opa/pr/rentgrow-inc-agrees-225m-civil-penalty-and-injunction-alleged-violations-fair-credit