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Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights

Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights

by Phil Hall | Jun 16, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Justice (DOJ) has reached a settlement with Folsom, California-based FPI Management Inc., a multifamily property management firm, in which the company will pay $74,087 to resolve allegations that it violated the Servicemembers Civil Relief Act...
ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges

ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges

by Phil Hall | Jun 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Justice (DOJ) has reached a $3 million settlement with ESSA Bank & Trust (ESSA) to resolve allegations that it engaged in the redlining of majority-Black and Hispanic neighborhoods in and around Philadelphia. According to the DOJ, ESSA...
Utah Company in $15M Settlement Over Real Estate Investor Training Scheme

Utah Company in $15M Settlement Over Real Estate Investor Training Scheme

by Phil Hall | May 23, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The U.S. Federal Trade Commission (FTC) and the Utah Division of Consumer Protection (DCP) announced a settlement with the principals of a Utah-based real estate investment training company that involves a $15 million penalty and a permanent ban from being involved in...
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