RealPage Settles with Justice Dept. Over Alleged Rent Collusion

The U.S. Justice Department has reached a settlement with RealPage, a company accused of aiding landlords in illegally fixing rent prices. The agreement, which includes a three-year monitoring period and new data restrictions, addresses concerns about fair housing practices. This case marks one of the first instances of accusing companies of algorithmic collusion, where software is used to coordinate with competitors. The settlement provides immediate relief to American consumers, as stated by Assistant Attorney General Gail Slater. The Justice Department originally filed suit in North Carolina, alleging that RealPages software enabled landlords to collude by sharing sensitive pricing data, which influenced recommended rent prices. RealPages President and CEO, Dirk Wakeham, expressed that the settlement brings clarity and stability, allowing the company to focus on innovation and better outcomes for housing providers and renters.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.