RentGrow to Pay $2.25 Million to Settle FTC Allegations the Company Violated the Fair Credit Reporting Act and FTC Act

RentGrow, a company providing consumer reports for tenant screening, will pay $2.25 million to resolve allegations from the Federal Trade Commission (FTC). The settlement addresses claims that RentGrow violated the Fair Credit Reporting Act (FCRA) and the FTC Act.

The FTC alleged that RentGrow failed to implement reasonable procedures to ensure the accuracy of its consumer reports. Specific violations cited include the reporting of duplicate records and the company's failure to disclose the sources of its data.

This action underscores the FTC's commitment to enforcing regulations that protect consumers in the tenant screening process, ensuring companies adhere to standards for data accuracy and transparency.