NC attorney general reaches settlement with major landlord over AI rent price setting
North Carolina AG settles with LivCor over AI‑driven rent setting, imposing $7 million penalty and compliance rules.Summary
North Carolina Attorney General Jeff Jackson announced a settlement with LivCor, a major landlord operating nearly 3,500 apartments in the state, over allegations that the company used artificial intelligence and non‑public data to set rents. The agreement imposes a $7 million penalty and requires LivCor to stop sharing sensitive data with other landlords, cease using third‑party pricing software unless it meets specified rules, refrain from using competitively sensitive data from other landlords, and avoid attending RealPage‑hosted meetings of competing landlords. The settlement is a consent judgment from the U.S. District Court for the Middle District of North Carolina, meaning LivCor has not been found guilty of any wrongdoing. The company must submit compliance reports and allow inspections by the attorney general’s office, and the AG reserves the right to enforce the agreement in court if necessary.
(Source：Cbs17)