DOJ accuses real estate software company of helping landlords collude to raise rents

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The lawsuit says RealPage’s algorithmic pricing software lets landlords effectively collude and set rents above market rate. The Texas-based company has denied the allegations.

The Justice Department says RealPage’s algorithmic pricing software allows landlords nationwide to set rents above market rate and deprives renters of the benefits of competition. THe Texas-based company has denied the allegations.

The attorneys general of eight states — North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington — have joined the Justice Department’s antitrust suit filed in federal court in North Carolina.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 240. in SE

Sverige Senaste nytt, Sverige Rubriker