The lawsuit alleged that SafeRent's algorithm didn't account for housing vouchers, crucial for renters' ability to pay, leading to discrimination against low-income applicants.
"Management companies and landlords need to know that they're now on notice, that these systems that they are assuming are reliable and good are going to be challenged," said Todd Kaplan, one of Louis' attorneys.
A federal judge approved a settlement in the lawsuit, with the company agreeing to pay over $2.2 million and change parts of its screening products deemed discriminatory.
Though SafeRent maintains that their SRS Scores comply with laws, they acknowledge the difficulties and costs associated with litigation as a motivating factor for the settlement.
Collection
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