US Edition9 Articles
9 Articles
Minneapolis council passes bill to ban algorithmic rental price fixing
After Twin Cities landlords were among those accused of colluding to use algorithms to jack up prices for renters, the Minneapolis City Council has passed an ordinance to ban the practice in the city.
Colorado politicians crack down on coordinated rents, pricing algorithms
DENVER (KDVR) — Colorado politicians are cracking down on rent algorithms that they say are driving up housing prices. HB25-1004 passed through the Colorado House on Wednesday with a 43-22 vote. Lawmakers say it would restrict the sale or distribution of an algorithmic device with the intent that it be used by two or more landlords in the same or related market when setting a rent price. Colorado attorney general says one of state’s largest…
Denver Post
Usa newsColorado House passes bill banning use of algorithms blamed for driving up apartment rents
The Colorado House passed a bill Wednesday that would prohibit the use of rent-setting algorithms that allegedly have been used to increase apartment prices in Denver and across the country.
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