Democratic senators are examining RealPage's potential role in lobbying for a decade-long ban on state AI regulations, fearing it could help the company manipulate rental prices through its mass data algorithms. In a letter to RealPage's CEO, they express concern that this provision could undermine state efforts to curb practices that contribute to rising rents. Previous investigations have indicated that RealPage's technology enables landlords to set coordinated pricing, sparking lawsuits from the Department of Justice and various states aimed at restoring competitive market conditions.
The senators argue that the provision could scuttle attempts to stop RealPage from feeding sensitive information from groups of landlords into an algorithm.
A report from ProPublica linked RealPage to rising rent prices across the US, alleging that its algorithm allows landlords to coordinate pricing.
Cities like Minneapolis, Jersey City, Philadelphia, and San Francisco have passed laws meant to ban the use of rent-setting software.
The Republican budget reconciliation bill would block pending legislation and stop states from enforcing any regulation that puts limitations on AI.
Collection
[
|
...
]