algorithmic pricing
Coverage of algorithmic pricing in the Nexus archive.
- New Jersey is targeting algorithmic pricing by landlords as rents remain among nation’s highest
New Jersey Governor Mikie Sherrill signed the FAIR Act to regulate landlords' use of algorithmic pricing software, which critics say artificially inflates rents. A report by the National Low Income Housing Coalition and the Housing and Community Development Network of New Jersey ranks the state as the fifth-most expensive for renters in the U.S., with housing costs 20% above the national average.
- Metro Council considers bill to report 'AI price gouging'
A Metro Councilmember has introduced legislation requiring Nashville stores to disclose the use of algorithmic pricing. The bill aims to address 'AI price gouging' by mandating transparency in pricing methods.
- Colorado governor vetoes block on surveillance pricing as other states push for bans
Colorado Governor Jared Polis vetoed a bill that would have banned surveillance pricing for wages and consumer goods, the strongest such measure in the nation. Consumer advocates criticized the decision, while Maryland previously approved a similar law for grocery stores.
- Mayor Johnson to introduce measure to protect Chicago renters
Mayor Brandon Johnson plans to introduce the 'Protecting Renters Ordinance' to update Chicago's 40-year-old landlord-tenant laws, create a rental registry, and ban hidden fees. The measure aims to protect 600,000 renter households by requiring transparency in algorithmic pricing and establishing a new body to resolve disputes.