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CFPB and FTC Take Action Against TransUnion Over Rental Background Checks

CFPB and FTC Take Action Against TransUnion Over Rental Background Checks

by Phil Hall | Oct 12, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) and U.S. Federal Trade Commission (FTC) announced a joint action against a rental screening subsidiary of TransUnion (NYSE:TRU), charging the company with violations of the Fair Credit Reporting Act. In a press...
FTC in $1.6 Million Settlement with Roomster Over Fraudulent Postings

FTC in $1.6 Million Settlement with Roomster Over Fraudulent Postings

by Phil Hall | Aug 29, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Federal Trade Commission (FTC), working with a coalition of state attorneys general, announced a $1.6 million settlement from Roomster, an online apartment search platform, and its owners, John Shriber and Roman Zaks, who were accused of defrauding millions...
ICE’s Long-Delayed Acquisition of Black Knight Slated for Sept. 5

ICE’s Long-Delayed Acquisition of Black Knight Slated for Sept. 5

by Phil Hall | Aug 28, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Intercontinental Exchange Inc. (NYSE: ICE) stated its $11.7 billion acquisition of Black Knight Inc. (NYSE: BKI) that was first announced 16 months ago will take place on Sept. 5 after the companies reached an agreement with the U.S. Federal Trade Commission regarding...
Black Knight Sells Optimal Blue for $700 Million

Black Knight Sells Optimal Blue for $700 Million

by Phil Hall | Jul 17, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Black Knight Inc. (NYSE: BKI) is selling its Optimal Blue business to a subsidiary of the Canadian-based Constellation Software Inc. (TSX: CSU) for $700 million. The structure of the proposed transaction includes a payment by Constellation of $200 million in cash,...
A Phil Hall Op-Ed: How Do You Handle Online Reviews?

A Phil Hall Op-Ed: How Do You Handle Online Reviews?

by Phil Hall | Jul 3, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate Agent Tools, WRE News Exclusive

Last week, the U.S. Federal Trade Commission (FTC) proposed a new rule designed to prohibit online marketing shenanigans such as using fake reviews, suppressing honest negative reviews, and paying for positive reviews. If enacted, the FTC would prohibit businesses...
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