RealPage Settles DOJ Lawsuit Alleging Algorithmic Price-Fixing in Rental Markets

Date:

A sign advertising units for rent is displayed outside a Manhattan building in New York City on April 11, 2024. Spencer Platt/Getty ImagesRealPage has agreed to settle a Department of Justice (DOJ) antitrust case accusing the real estate software company of enabling landlords across the United States to coordinate rental prices through its algorithmic pricing tools, in what Trump administration officials said was a major step in lowering rent costs.The proposed consent judgment, filed on Nov. 24 in federal court, would bar RealPage from using competitors’ real-time, nonpublic data to generate rent recommendations and would force the company to redesign features that regulators say helped align pricing among rival landlords.

spot_imgspot_imgspot_img

Share post:

More like this
Related

White House Says Iran Will Continue to Pay Amid Reports of New US Strikes

The White House warned Iran on Friday afternoon of...

Wall Street Review: Stocks Recover as Tech Earnings Lift Sentiment

Better-than-expected earnings reports from Microsoft and Amazon during the...

US Embassy Issues Security Alert After Thousands of Illegal Immigrants Cross Into Spain

Young Moroccan migrants sort through piles of discarded shoes...

US Bans Imports From 43 Chinese Firms Over Forced Labor Charge

Young girls sew clothes in a workshop in Hotan,...