New York Bans Algorithmic Rent-Setting Software
A new bill signed into law by Governor Hochul prohibits New York landlords from using algorithm-based software to inflate rents.
The Council of Economic Advisors estimates that such price-fixing algorithms cost renters $3.8 billion more in 2023.
- The legislation updates the state's antitrust laws to include algorithmic software.
- The U.S Department of Justice previously filed a lawsuit against RealPage, a company using algorithms to analyze rental data and provide price recommendations.
A win for every New Yorker who is struggling to make ends meet - Assemblymember Linda B.
Author's summary: NY bans algorithmic rent-setting software to protect renters.
More News
- Ruben Amorim discusses United's penalty-taker
- EU Updates Age Verification Standards for Minors
- Manchester United’s stance on Kobbie Mainoo leaving Old Trafford in January revealed
- Fabrizio Romano has terrible news for Tottenham midfielder
- Amorim addresses Anfield atmosphere
- The Black Phone 2 Dials Into the Afterlife — and Loses the Signal