Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
The DOJ will be shocked if they ever get their hands on CU and ACE.
The Department of Justice has expanded its lawsuit against the real estate software company RealPage to include six of the nation’s largest landlords.
The department sued RealPage in August, alleging that the company’s algorithms drew on nonpublic information from competing landlords to recommend rent increases that drove housing costs up across the nation. Now, federal and state prosecutors are accusing six real estate companies of being active participants in the scheme.
“While Americans across the country struggled to afford housing, the landlords named in today’s lawsuit shared sensitive information about rental prices and used algorithms to coordinate to keep the price of rent high,” DOJ Acting Assistant Attorney General Doha Mekki said in a statement. “Today’s action against RealPage and six major landlords seeks to end their practice of putting profits over people and make housing more affordable for millions of people across the country.”
gizmodo.com
The Department of Justice has expanded its lawsuit against the real estate software company RealPage to include six of the nation’s largest landlords.
The department sued RealPage in August, alleging that the company’s algorithms drew on nonpublic information from competing landlords to recommend rent increases that drove housing costs up across the nation. Now, federal and state prosecutors are accusing six real estate companies of being active participants in the scheme.
“While Americans across the country struggled to afford housing, the landlords named in today’s lawsuit shared sensitive information about rental prices and used algorithms to coordinate to keep the price of rent high,” DOJ Acting Assistant Attorney General Doha Mekki said in a statement. “Today’s action against RealPage and six major landlords seeks to end their practice of putting profits over people and make housing more affordable for millions of people across the country.”
DOJ Adds 6 Major Landlords to Lawsuit Over Algorithmically Inflating Americans' Rents
Federal prosecutors sued the real estate software company RealPage in August, now they're suing some of the company's biggest customers.
gizmodo.com