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How not to ban surveillance pricing

4 hours ago
  • #tech-regulation
  • #surveillance-pricing
  • #consumer-protection
  • Surveillance pricing uses personal data to set maximum prices consumers are willing to pay, devaluing their purchasing power.
  • Maryland's Protection Against Predatory Pricing Act is ineffective due to loopholes, including narrow scope and exemptions for consent, promotions, and subscriptions.
  • The law lacks a private right of action, preventing individuals from suing violators and potentially reducing existing consumer protections.
  • Surveillance pricing often targets vulnerable groups, like those living paycheck to paycheck, rather than redistributing wealth as claimed.
  • Federal inaction and corporate lobbying contribute to the spread of surveillance pricing, harming the economy by reducing consumer spending.