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New York Bans Algorithmic Rent-Setting Tools, Signaling Heightened State Antitrust Enforcement

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New York Governor Kathy Hochul recently signed Senate Bill S.7882 into law, making New York the first state to prohibit the use of algorithmic pricing tools in residential rent setting. With the enactment of S.7882, New York has expanded potential antitrust exposure for residential landlords, property managers, and real estate technology providers involved in rental pricing practices….
By: Morgan Lewis

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