Hochul Looks to Ban Algorithm-Based Rent Price Fixing in New York
Hochul is expected to announce the proposal in her State of the State speech Tuesday, a week after the U.S. Justice Department sued six of the country's biggest landlords for allegedly using "anticompetitive pricing algorithms" to set rents.
Share This Article Share Post Hochul announced the proposal in her State of the State speech Tuesday, a week after the U.S. Justice Department sued six of the country’s biggest landlords for allegedly using “anticompetitive pricing algorithms” to set rents. Mike Groll/Office of Governor Kathy Hochul Gov. Kathy Hochul delivering the 2025 State of the State Address in Albany. New York Gov. Kathy Hochul wants to ban the use of real estate management software that sets rent prices via algorithm—what federal prosecutors say can amount to collusion that artificially inflates rents
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