How not to ban surveillance pricing
2 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.