US Landlords Sued by Justice Department for Alleged Rent Price-Fixing Scheme
2025-01-07
The Associated Press
The US Justice Department has filed a lawsuit against six major landlords, accusing them of using an algorithm to artificially inflate rents and illegally sharing sensitive information to maintain high prices. This alleged rent price-fixing scheme has affected numerous Americans, leading to increased housing costs. The lawsuit aims to hold these landlords accountable for their actions, promoting fair competition in the rental market and affordable housing for all. The use of algorithms and data sharing has raised concerns about the impact of technology on housing affordability. The Justice Department's lawsuit is a significant step towards addressing these issues and protecting consumers' rights.