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A major landlord agrees to pay $7 million to settle a lawsuit over an algorithm that allegedly raised rents unfairly in minority and low-income areas.
The nation's largest residential landlord has agreed to pay $7 million to settle a lawsuit alleging it used a rent-setting algorithm that led to inflated and discriminatory housing costs, according to court documents filed Thursday.
The case accused the company of relying on automated systems that disproportionately increased rents in low-income and minority neighborhoods, violating fair housing laws.
The settlement marks a significant development in ongoing scrutiny of algorithmic decision-making in real estate.
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Un gran propietario acepta pagar 7 millones de dólares para resolver una demanda sobre un algoritmo que supuestamente elevó injustamente los alquileres en áreas minoritarias y de bajos ingresos.