April 17, 2025 - 21:38
Realogy Holdings Corp., the parent company of Coldwell Banker, has reached a significant settlement of $20 million in a class action lawsuit. The legal claims centered around allegations that the company violated the federal Telephone Consumer Protection Act (TCPA) by making unsolicited phone calls to consumers.
The TCPA was enacted to protect individuals from receiving unwanted telemarketing calls, and the lawsuit asserted that Realogy's practices infringed upon this law. As part of the settlement, the company will provide compensation to affected consumers, who may have received these unsolicited communications.
This settlement highlights the ongoing scrutiny that real estate companies and other businesses face regarding their telemarketing practices. As consumer privacy concerns continue to grow, companies are being urged to adopt more compliant marketing strategies. The resolution of this lawsuit marks a significant step for Realogy in addressing these allegations and moving forward in a more consumer-friendly manner.
