The DOJ alleges RealPage colluded with landlords to inflate rental housing prices, harming millions of Americans.
The Justice Department on Friday filed an antitrust lawsuit against RealPage, a property management software provider, alleging it enabled a collusion among landlords to inflate rents for millions of Americans. The complaint claims the Richardson, Texas-based company and its competitors engaged in a price-fixing scheme by sharing nonpublic, sensitive information, which RealPage's algorithmic pricing software used to generate pricing recommendations.
'Deputy Attorney General Lisa Monaco said RealPage violated a century-old law in a modern way, by using an AI-powered algorithm to coordinate rent prices, 'undermining competition and fairness for consumers in the process.''Training a machine to break the law is still breaking the law. Today's action makes clear that we will use all our legal tools to ensure accountability for technology-fueled anticompetitive conduct,' she said in a statement.
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