Justice Department Settlement Requires RealPage to End Anticompetitive Information Sharing in Rental Markets
By
phkahler
6mo ago· 2 min readenNews
65/100
Toasty
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Crusty in the right places. Worth the chew.
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Summary
The U.S. Justice Department's Antitrust Division has filed a proposed settlement against RealPage Inc. to address anticompetitive practices in rental housing markets. The settlement requires RealPage to end the sharing of competitively sensitive information and alignment of pricing among competitors, which allegedly violated antitrust laws. This action is part of the DOJ's broader enforcement against algorithmic coordination and information sharing that harms competition in rental markets affecting millions of American renters.
Key quotes
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The proposed settlement would help restore free market competition in rental markets for millions of American renters.
Competing companies must make independent pricing decisions, and with the rise of algorithmic and artificial intelligence tools, we will remain at the forefront of vigorous enforcement.
The Justice Department’s Antitrust Division filed a proposed settlement today to resolve the United States’ claims against RealPage Inc. as part of its ongoing enforcement against algorithmic coordination, information sharing, and other anticompetitive pr
