Housing Price Transparency Act requires disclosure of algorithmic price fixing in the housing rental market.

The Housing Price Transparency Act mandates that any entity using an algorithm to recommend or set rental accommodation prices must disclose the use of such an algorithm. The Federal Trade Commission is tasked with enforcing this requirement, treating violations as unfair or deceptive acts or practices under the Federal Trade Commission Act. The Act allows for both federal and state civil actions to address violations, with provisions for damages, restitution, and other legal remedies. The Act also includes a private right of action for individuals injured by such practices.

Housing Price Transparency Act requires disclosure of algorithmic price fixing in the housing rental market.

The Housing Price Transparency Act mandates that any entity using an algorithm to recommend or set rental accommodation prices must disclose the use of such an algorithm. The Federal Trade Commission is tasked with enforcing this requirement, treating violations as unfair or deceptive acts or practices under the Federal Trade Commission Act. The Act allows for both federal and state civil actions to address violations, with provisions for damages, restitution, and other legal remedies. The Act also includes a private right of action for individuals injured by such practices.