Welch and Wyden Introduce Legislation to Crack Down on Companies that Inflate Rents with Price-Fixing Algorithms
January 30, 2024
January 30, 2024
WASHINGTON, Jan. 30 -- Sen. Peter Welch, D-Vermont, issued the following news release:
U.S. Senators Peter Welch (D-Vt.) and Ron Wyden (D-Ore.) today introduced the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, legislation to crack down on companies that help landlords increase rents in already high-priced markets. These services allow landlords to collude to set prices via software and price-setting algorithms.
Reporting by ProPublica and oth . . .
U.S. Senators Peter Welch (D-Vt.) and Ron Wyden (D-Ore.) today introduced the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, legislation to crack down on companies that help landlords increase rents in already high-priced markets. These services allow landlords to collude to set prices via software and price-setting algorithms.
Reporting by ProPublica and oth . . .