Landlords and businesses would be required to advertise the full price of their services under new legislation introduced in the Colorado House.
The Colorado Attorney General's office filed a lawsuit against apartment rental company Greystar for charging “junk fees.” The lawsuit was filed in Denver federal district court against Greystar, which is one of the largest providers of rental housing in Colorado managing approximately 45,
The effort got a boost last week from a top Federal Trade Commission official, who sent a letter to Gov. Jared Polis urging the state to target so-called “junk fees.”
Colorado and the FTC say Greystar Real Estate and Property fraudulently advertises low rent prices to potential customers, only to add tens if not hundreds to the monthly rent cost with hidden fees.
The FTC and Colorado AG Phil Weiser filed a lawsuit against Greystar, accusing the corporate landlord of using deceptive advertising and jacking up the rental price through undisclosed "junk fees."
Phil Weiser sued Greystar for using “deceptive advertising” to lure renters, “then fleecing those tenants out of millions of dollars by charging mandatory, fixed fees not included in the advertised price for an apartment.
The Federal Trade Commission and the state of Colorado filed a lawsuit against Greystar Management Cooperation.
The FTC goes on to allege at some Greystar-managed properties, hidden fees are bundled together and referred to collectively as an "amenity fee," "community fee," or "lifestyle fee" without being further explained on a tenant's account statement.
Colorado lawmakers are hoping to lower the high cost of living through legislation focused on price gouging, "junk fees" and housing prices.
Looking forward to 2025, more U.S. states are in line to pass omnibus data protection laws, enforcement of U.S. state data protection laws is
Orrick, Herrington & Sutcliffe has hired former Weil, Gotshal & Manges partner Eric Hochstadt as head of its antitrust litigation practice and a member of the management committee.
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