Technology

This bill (S 451) prohibits landlords and property management software from using algorithmic systems to coordinate rental pricing and supply, which the legislature states has contributed to New Jersey's housing affordability crisis. It defines a "coordinator" as any service (including software) that collects pricing data from multiple landlords, analyzes it with algorithms, and recommends rental prices or lease terms - effectively enabling price-fixing. Landlords are banned from subscribing to such services, and coordinators are prohibited from facilitating agreements that restrict competition among rental property owners. The law directly affects landlords, property management companies, and software providers operating in New Jersey's rental market, aiming to increase price competition and reduce rent burdens for renters.

New Jersey's S 2141 bans businesses from owning, operating, or selling cryptocurrency ATMs within the state. The bill defines a cryptocurrency ATM as a physical kiosk that allows users to buy, sell, or exchange digital currency using cash, debit, or credit cards. Violations would result in fines up to $20,000 per offense, with enforcement under the state's consumer fraud laws. This action responds to Federal Trade Commission data showing crypto ATM scams caused over $65 million in fraud losses in the first half of 2024, disproportionately affecting older adults.