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New York AG and Lawmakers Propose Bills to Ban Algorithmic Pricing
The bills target exploitative pricing based on personal data and aim to protect consumers, with exceptions for insurance and financial sectors, advocates say.
- The 'One Fair Price Act' would ban surveillance pricing, preventing companies from using AI and algorithms to analyze browsing history, demographics, etc. to determine how much customers are willing to pay for products.
- Attorney General James said: "Two neighbors can buy the same item at the same time but pay two different prices", referring to the practice as surveillance pricing or algorithmic pricing.
- While some criticize the practice as unfair, Elizabeth Pancotti argued that "proposals like this threaten the very tools like targeted coupons and loyalty rewards that help families afford groceries and other basics.
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12 Articles
12 Articles
NY Dems say 'predatory' algorithms should charge more based on private data
New York Attorney General Letitia James has proposed the One Fair Price Package, which includes two bills designed to make it illegal for companies to use consumer data to set individualized prices…
·Springfield, United States
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AG James joins lawmakers behind the pushback on surveillance pricing
New York Attorney General Letitia James has proposed the One Fair Price Package, which includes two bills designed to make it illegal for companies to use consumer data to set individualized prices, and would allow both the Attorney General's office and victimized consumers to sue companies that use surveillance pricing.
·Albany, United States
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
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